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According to the information provided in the table, the 1-month yen is selling at a forward _ of approximately per annum. (Domestic currency: $,

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According to the information provided in the table, the 1-month yen is selling at a forward _ of approximately per annum. (Domestic currency: $, Foreign currency: , Use the mid rates to make your calculations.) discount; 1.76% discount; 2.27% premium; 1.76% premium; 2.27% Yen: Spot and Forward (/$) Pound: Spot and Forward ($/) Mid Rates Bid Ask Mid Rates Bid Ask Spot 129.87 129.82 129.92 1.4484 1.4481 1.4487 Forward Rates 1 month 129.68 -20 -18 1.4459 -26 -24 6 months 128.53 -136 -132 1.4327 -160 -154 Swaps 2 year 117.65 1232 1212 1.4250 -238 -230 3 year 115.50 1452 1422 1.4225 -265 -253

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