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Problem 4 Use the following spot and forward bid-ask rates for the Japanese yen/U.S. dollar(/$) exchange rate to answer the following questions What is the

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Problem 4 Use the following spot and forward bid-ask rates for the Japanese yen/U.S. dollar(/$) exchange rate to answer the following questions What is the mid-rate from the bid-ask rate quotes? b) b) What is the forward premium on the different maturities using the mid-rates from part (a)? VIS Perlod spot 1 month 2 months 3 months 6 months 12 months 24 months VIS Askk Rate 114.27 11387 113.52 13.11 12.11 110.27 106.98 Days Forward 30 60 90 180 360 720 114.23 13.82 113.49 113.05 112.05 110.20 106.83

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