5.3 Yen Forward. Use the following spot and forward bid-ask rates for the Japanese yen/US. dollar (/$) exchange rate from September 16, 2010, to answer the following questions: Period Bid Rate $ Ask Rate spot 85.41 85.46 1 monthh 85.02 85.05 2 months 84.86 84.90 3 months 84.37 84.42 6 months 83.17 83.20 12 months 82.87 82.91 24 months 81.79 81.82 a. What is the mid-rate for each maturity? b. What is the annual forward premium for all maturities? c. Which maturities have the smallest and largest forward premiums