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3. The following data are taken om the nancial market pages of an Australian newspaper. Forward Margins The data under the Forward Margins column represent

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3. The following data are taken om the nancial market pages of an Australian newspaper. Forward Margins The data under the \"Forward Margins\" column represent the forward contracts for US dollar with respect to the Australian dollar (given in points form). (a) Using this data, and the bid-ask for spot USD at 0.6926 to 0.6928, compute the outright bidlask rates for the following forward contracts: (i) 1 month (ii) 3 month (iii) 6 month (iv) 12 month (8 marks) (b) Calculate the forward premium for the following contracts: (i) 2 month (ii) 4 month (iii) 5 month (iv) 12 month (8 marks) c) You expect to receive US$ 10,000 in 3 months. What amount will that convert into? (2 marks) d) You need to pay US$ 100,000 in 6 months. How many AUD will you need? (2 marks) (20 marks)

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