please help! due soon!

information for question 24 is here in question 23!

QUESTION 21 10 points Save Ans What is underpricing? On average, how large is it, and how does it compare with other costs associated with issuing new securities? Briefly offer an argument for why it persists For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). QUESTION 24 (Referring to the question above) What would you do if the forward was for fewer yen per dollar than the indifference rate? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). QUESTION 23 A Japanese investor can earn a 3.25% interest rate in Japan or 2.75% in the U.S. The spot exchange rate is 105 yen to the dollar. At what forward rate would an investor be indifferent between the US and Japanese investments? REFERENCE [(1 + 1 d/(1+ip)]*S7=F+ 105.51