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Use the table to answer following question(s). Yen:Spot and Forward (/$) Mid Rates Bid Ask Spot 111.62 111.61 111.62 Forward Rates 1 Month 111.43 -19

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Use the table to answer following question(s). Yen:Spot and Forward (/$) Mid Rates Bid Ask Spot 111.62 111.61 111.62 Forward Rates 1 Month 111.43 -19 -18 6 Months 110.55 -108 -106 Swaps 2 year 106.71 -493 -488 3 year 103.96 -772 -760 Refer to Table 5.1. The current spot rate (mid rate) of yen per dollar as quoted in a newspaper is or 111.61/$; $0.0090/ $111.62/; 0.0090/$ $111.43/\; \0.0090/$ 111.62/$; $0.0090/

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