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Refer to the above Table 1. According to the information provided in the table, the 6-month yen is selling at a forward of approximately

  

Refer to the above Table 1. According to the information provided in the table, the 6-month yen is selling at a forward of approximately per annum. (Use the "mid rates" to make your calculations.) Table 1 Yen: Spot and Forward (/S) Pound: Spot and Forward (S/E) Mid Rates Bid Ask Mid Rates Bid Ask Spot 129.87 129.82 129.92 1.4484 1.4481 1.4487 Forward Rates 1 month 129.68 -20 -18 1.4459 -26 -24 6 months 128.53 -136 -132 1.4327 -160 -154 Swaps 2 year 117.65 1232 1212 1.4250 -238 -230 3 year 115.50 1452 1422 1.4225 -265 -253

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