Japanese Yen Forward. Use the following spot and forward bid-ask rates for the Japanese yen U.S. dollar ($) exchange rate from September 18, 2010, to answer the following questions: a. What is the mid-rate quote for each maturity? 5. What is the annual forward premium on the yen for all maturities? (Assume that the US dollar is the home currency. Ano use the Mis Rae values computed in part a.) c. Which maturities have the smallest and largest forward premiums? (Click on the icon to import the table into a spreadsheet.) Period W/S Bid Rate w'$ Ask Rate spot 85 28 85.32 1 month 84.90 84.94 2 months 84.71 84.75 3 months 84.23 8428 6 months 83.00 83.03 12 months 82.70 82.75 CU a. What is the mid-rate quote for each matunty? Calculate the mid-rate for each maturity below. (Round to three decimal places) Days Forward Bid Rate M/S Ask Rate M/S 85.32 Mid-rate M/ Period Spot O 85.28 a. What is the mid-rate quote for each maturity? b. What is the annual forward premium on the yen for all maturitles ? (Assume that the U.S. dollar in the home currency. Also use the Mid-Rate values computed in part a.) c. Which maturities have the smallest and largest forward premiums? (Click on the loon to Import the table into a spreadsheet) Period spot 1 month 2 months 3 months 6 months 12 months 24 months WIS Bid Rate 85.28 84.90 84.71 84.23 83.00 82.70 81.60 W$ Ask Rate 85.32 84.94 84.75 84 28 B3.03 82.75 81.64 a. What is the mid-rate quote for each maturity? Calculate the mid-rate for each maturity below: (Round to three decimal places) Ask Rate Days Forward Bid Rate WS Mid-rato W/S Period W/S Spot 0 85.28 85.32