TABLE 6.1 Use the table to answer following questione Yen: Spatan Forward lound: spot and forward Mid Rates Bid Ask Mid Rates Bid Ask Forward Rates 1 month 129,68 6 months 12853 -20 -18 14327 -26 -100 - 154 Swap 2 year 117.65 115.50 3 year 1232 1452 -238 1212 1422 14250 14225 -230 -253 42) Refer to Table 6.1. The current spot rate of dollars per pound as quoted in a newspaper is or A) 1.4481/5: 50,000/ B) 51.4491/600.6906/$ C) $1.4484/600.6204/5 D) 14487/5: $0.6903/4 Answer: Topic Spur Rate Calculation Still Analytical 43) Refer to Table 6.1. The one-month forward bid price for dollars as denominated in Japanese yen is A) -V20 B) -V18 C) Y129,74/5 D) V129.62/5 Answer: D Topic Forward Rule Skill: Analytical 44) Refer to Table 6.1. The ask price for the two-year swap for a British pound is A) $1.42506 B) $1.4257 C) $230 D) $238 Answer: B Topic: Stop Rates Sl: Amulytical 45) Refer to Table 6.1. 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.) A) discount: 2.09% B) discount: 2.06% premium;2.09% D) premium: 206% Answer: Topic: Ford Premium Calculation Skill: Analytical 46) Refer to Table 6.1. Cross rates A) are often reported in the form of a matrix in the financial newspapers. B) can be used to check on opportunities for intermarket arbitrage. C) for the spot market in the table are 5188.10P (using the mid rates). D) are all of the above. Answer: D Topic: Cross Rates Skill: Recognition