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Bid/Ask on Dollar/Euro Forwards. Use the following spot and forward bid-ask rates for the U.S. dollar/euro (US$/) from December 10, 2010, to answer the

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Bid/Ask on Dollar/Euro Forwards. Use the following spot and forward bid-ask rates for the U.S. dollar/euro (US$/) from December 10, 2010, to answer the following questions: a. What is the mid-rate for each maturity? b. What is the annual forward premium for all maturities? (Click on the Period spot 1 month icon to import the table into a spreadsheet.) Bid Rate 1.3228 1.3226 Ask Rate 1.3229 1.3227 m 2 months 3 months 6 months 12 months 24 months 1.3223 1.3219 1.3210 1.3224 1.3221 1.3212 1.3194 1.3189 1.3143 1.3171 a. What is the mid-rate for each maturity? Calculate the mid-rate for each maturity below: (Round to five decimal places.) Days Bid Rate Ask Rate Mid-rate Period Forward US$/ US$/ US$/ Spot 0 1.3228 1.3229 ...

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