2. The following data are taken from the financial market pages of an Australian newspaper Forward Margins Forward Corint Forward Margins Buy AS/Scil AS 1 month 01 2 month 3 month 13 6 month Z wears 3 years 5112-11 The data under the "Forward Marine column represent the forward contracts for the US dollar with respect to the Australian dollar (given in points form). (a) Using this data and the bad ask for spot USD 0.7141 to 0.7115, compute the outright bidack rates for the following forward contracts Iti) 2 years iv) 3 years b) Calculate the forward premium for the following contract (ii) 3 month fivl year VAATA WISCO in we Win LC will this www 2. The following data are taken from the financial market pages of an Australian newspaper. Forward Margins Forward Contract Forward Margins (Buy AS/Sell AS) 1 month 0/1 2 month 3 month 1/3 6 month 1 year 0/1 2 years - 16/-8 3 years -517-11 1/2 2/4 The data under the "Forward Margins" column represent the forward contracts for the US dollar with respect to the Australian dollar (given in points form). (a) Using this data, and the bid-ask for spot USD at 0.7144 to 0.7145, compute the outright bid/ask rates for the following forward contracts: (i) 1 month (ii) 6 month (iii) 2 years (iv) 3 years (8 marks) (b) Calculate the forward premium for the following contracts: (i) 2 month (ii) 3 month (iii) 6 month (iv) 1 year (8 marks)