Question 21 (6 points) You obtain the bid-ask quotes (in forward points) as shown below on New Zealand dollar from your local bank: Write down the outright bid and ask quotations in 'European Terms' using 4 decimal places. All exchange rates must include the pair of currency units: NZ$ to stand for New Zealand dollar and U$ to stand for US dollar. Bid: NZ$/U$ Ask: NZ$/US Outright Bid (NZ$/US) Outright Ask (NZS/US) 1.2025 1.2045 46 50 Spot rate 3-month forward point quote 6-month forward point quote 100 116