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Use the table to complete the following questions: Quote from Bank ABC: Yen: Spot and Forward ( per $) Pound: Spot and forward ($ per

Use the table to complete the following questions: Quote from Bank ABC: Yen: Spot and Forward ( per $) Pound: Spot and forward ($ per ) Mid rates Bid Ask Mid rates Bid Ask spot 105.87 105.82 105.92 1.3264 1.3240 1.3288 Forward 1-month 18 20 28 24 6-month 146 132 164 180 Part a. What should be the direct quotation between GBP/JPY (Japanese Yen per Great Britain Pound? Please find the cross rate between the two. You need to find both cross bid and cross offer. Part b. What are the 1-month and 6-month forward bid and ask rates for Japanese Yen? Part c. What are the 1-month and 6-month forward bid and ask rates for Great Britain Pound?

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