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9) Find the maximum value of no arbitrage forward bid price and the minimum value of no arbitrage forward ask price by using the following

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9) Find the maximum value of no arbitrage forward bid price and the minimum value of no arbitrage forward ask price by using the following information. Interest rates: iusp = 7% for borrowing 6% for lending fypy = 2% for borrowing 1% for lending Exchange rates: BID ASK Spot 0.0110 USD/JPY 0.0125 USD/JPY Forward Fb = ? Fa = ? 9) Find the maximum value of no arbitrage forward bid price and the minimum value of no arbitrage forward ask price by using the following information. Interest rates: iusp = 7% for borrowing 6% for lending fypy = 2% for borrowing 1% for lending Exchange rates: BID ASK Spot 0.0110 USD/JPY 0.0125 USD/JPY Forward Fb = ? Fa =

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