Question 29 Based on the following table. -9.18 Instrument Bid Ask USDJPY 1M FWD -3.14 -2.9 USDJPY 2M FWD -6.22 -5.82 USDJPY 3M FWD -9.78 USDJPY 4M FWD -13.17 -12.37 USDJPY 5M FWD -16.39 -15.39 USDJPY 6M FWD -20.44 -19.24 USDJPY Spot 121.148 121.260 What is the average annualized forward premium/discount for the JPY if you use the 4M forward contract (Format for answer: X.XX% or-X.XX%)