Bid/Ask on Dollar/Euro Forwards. Use the following spot and forward bid-ask rates for the U.S. dollarleuro (USS/E) 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? c. Which maturities have the smallest and largest forward premiums? (Click on the icon to import the table into a spreadsheet.) Period Bid Rate Ask Rate spot 1 month 2 months 3 months 6 months 12 months 24 months 1.3203 1.3202 1.3200 1.3197 1.3188 1.3167 1.3121 1.3204 1.3203 1.3201 1.3199 1.3191 1.3172 1.3152 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$IE USSIE USSIE Spot 1 month 2 months 3 months 6 months 30 60 90 180 1.3203 1.3202 1.3200 1.3197 1.3188 1.3204 1.3203 1.3201 1.3199 1.3191