The table below presents spot and forward bid-ask rates for the U.S. dollar/Australian dollar (US$-A$1.00) exchange rate from January 5, 2011. Use the respective information to answer the question below the table. Period spot 1 month 2 months 3 months 6 months 12 months 24 months USS/AS Bid Rate 0.98510 0.98131 0.97745 0.97397 0.96241 0.93960 0.89719 USS/AS Ask Rate 0.98540 0.98165 0.97786 0.97441 0.96295 0.94045 0.90698 What is the mid-rate for the 24-month forward? ** For your answer, round to 5 decimals

The table below presents spot and forward bid-ask rates for the US. dollar/Australian dollar (USS=A\$1.O0) exchange rate from January 5, 2011. Use the respective information to answer the question below the table. What is the mid-rate for the 24-month forward? "F For your answer, round to 5 decimals