Japanese Yen Forward. Use the following spot and forward bid-ask rates for the Japanese yen U.S.dollor (W/5) exchange rate from September 16, 2010, to answer the a. What is the mid-rate quote for each maturity? b. What is the annual forward premium on the yen for all maturites ? (Assume that the U.S. dollar is the home currency. Also use the Mid-Rate values computed in part a.) c. Which maturities have the smalest and largest forward premiums? (Click on the icon to import the table into a spreadsheet.) Period W$ Bid Rate WS Ask Rate spot 86.23 86 27 1 month 85.82 85.85 2 months 85.68 85.72 3 months 85.14 6 months 83.93 12 months 83.56 83.61 Spot 86.23 86 27 66 260 1 month 85 82 85.835 85.18 83 BB 0 30 85.85 2 months 60 85.68 85.72 85 700 3 months 90 85.14 85.18 85.160 10 4 of 6 months 180 83 88 83.005 83.93 8361 360 83 56 83.585 by nly 00 12 months 24 months 720 82.45 82.49 82.470 b. What is the annual forward premium on the yen for all maturbes? (Assume that the US dollar is the home currency) Calculate the annual forward premium for al maturitios below. Use the Mid-Rate values computed in part a. (Round to three decimal places) 100 104 159 3164 30* 1816 Days Forward Bid Rate MUS 86.23 Ask Rate WIS Forward Premium Period Spot 0 85 27 whid