3. Use the table to complete following questions: Quote from Bank ABC: Yen: Spot and Forward (\/$) Mid rates Bid Ask spot 96.87 96.82 96.92 Forward 1-month 18 20 6-month 136 132 Pound: Spot and forward (AU$/$) Mid rates Bid Ask 1.3264 1.3240 1.3288 26 24 164 160 3a. What should be the direct quotation between AUD/JPY (Japanese Yen per Australian Dollar? Please find the cross rate between two. You need to find both cross bid and cross offer. (10 points) 3b. What are 1-month and 6-month forward bid and ask rate for Japanese Yen? (10 points) 3c. What are 1-month and 6-month forward bid and ask rate for Australian Dollar? (10 points) 3. Use the table to complete following questions: Quote from Bank ABC: Yen: Spot and Forward (\/$) Mid rates Bid Ask spot 96.87 96.82 96.92 Forward 1-month 18 20 6-month 136 132 Pound: Spot and forward (AU$/$) Mid rates Bid Ask 1.3264 1.3240 1.3288 26 24 164 160 3a. What should be the direct quotation between AUD/JPY (Japanese Yen per Australian Dollar? Please find the cross rate between two. You need to find both cross bid and cross offer. (10 points) 3b. What are 1-month and 6-month forward bid and ask rate for Japanese Yen? (10 points) 3c. What are 1-month and 6-month forward bid and ask rate for Australian Dollar? (10 points)