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9) Find the maximum value of no arbitrage forward bid price and the minimum 1value 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 1value of no arbitrage forward ask price by using the following information. Interest rates: 11.51;. = 3'51} for borrowing 6% for lending 1]" = 2% for borrowing 1% for lending Exchange rates: BID ASK Spot 0.0110 USDIJPY 0.0125 USDfJPY Forward Fb = ? Fa =

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