Question $12$

A US firm is expecting to reccive $1,000,0000,000$ Japancse yen $($JPY$)$ from one of its customers six months from now. This firm can hedge by taking a $($BLANK$)$ position in the $($BLANK$)$ market for JPY

$4.44494$ o

Mong iormard

Min $4004$

Question $13$

Here are direct spot and forward markets quotes for GBP$,$ JPY and MXN over three points in time: now $(\frac{1}{1}\frac{?}{xx}),$ one month later $(\frac{2}{1}\frac{?}{xx}),$ three months later $(\frac{4}{1}\frac{?}{xx}),$ and six months later $(\frac{7}{1}\frac{?}{xx}).$

$\backslash$table$[[,\frac{1}{1}\frac{?}{x},\frac{2}{1}\frac{?}{?},\frac{4}{1}\frac{?}{xx},\frac{7}{1}\frac{?}{x}$