1.The closing exchange rate of Canadian dollar is $0.8682. Put options which would mature in the next 6 months with a strike price f $0.8352 were traded at $0.06. Compute the intrinsic value of the puts on C$.

2.The forecasted value for the Japanese yen is 0.0098 and its realized value is 0.0162. What is the forecast error (root square error) for the yen?