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Given the following information on spot exchange rates and interest rates (yields): ( 1.5pts ) a ) Determine the JPY/EUR forward bid rate . b

Given the following information on spot exchange rates and interest rates (yields): (1.5pts)

a) Determine the JPY/EUR forward bid rate .

b) Determine the JPY/EUR forward asked rate .

USD/EUR = 1.1865 1.1870

JPY/USD = 108.10 108.20

US yields: 5.00 5.50

Euro yields: 3.25 3.50

Japan yields: 1.25 1.50

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