Q-9: Use the following spot and forward bid-ask rates for the Japanese yen/U.S. dollar (/S) exchange rate from September 16, 2010, to answer the following questions: Period spot 1 month 2 months 3 months 6 months 12 months 24 months \/S Bid Rate 85.41 85.02 84.86 84.37 83.17 82.87 81.79 /S Ask Rate 85.46 85.05 84.90 84.42 83.20 82.91 81.82 a. What is the mid-rate for each maturity? b. What is the annual forward premium for all maturities