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Question 19. A currency dealer quotes the following rates on the GBP/USD dollar exchange rate. (Note: the base currency is listed first and the quote

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Question 19. A currency dealer quotes the following rates on the GBP/USD dollar exchange rate. (Note: the base currency is listed first and the quote currency second) Spot GBP/USD 1.7000 - 1.7010 1 month 2 - 3 2 month 5- 7 3 month 10 - 15 12 month 50 - 60 What are the 3-month outright forward bid and ask rates? ( ) 1.7005 - 1.7015 1.7010 - 1.7025 ( ) 1.6990 - 1.6995 ( ) 1.7002 - 1.7007

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