As a foreign exchange trader at Sumitomo Bank, one of your customers would like a yen quote on Australian dollars. Current market rates are: Spot 30-day 101.37-85/U.S.$1 15-13 A$1.2924-44/U.S.$1 20-26 What bid and ask yen cross rates would you quote on spot Australian dollars? AD 0.012/4-76 O *77.91.99/AS1 AD 0.012769/88 78.31-B1/A$1 What outright yen cross rates would you quote on 30-day forward Australian dollars? X78.58-87 478.31 81/AS1 V7804-5B/A51 101.71-88 What is the forward premium or discount on buying 30-day Australian dollars against yen delivery? -3.50% -4.1379 8.3%