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Yen Forward. Use the following spot and forward bid-ask rates for the Japanese yen/U.S. dollar (/$) exchange rate from September 16, 2010, to answer the
Yen Forward. Use the following spot and forward bid-ask rates for the Japanese yen/U.S. dollar (/$) exchange rate from September 16, 2010, to answer the following questions: a. What is the mid-rate quote for each maturity? b. Using the mid-rates, find the annual forward premium on the yen for all maturities? (Assume that the U.S. dollar is the home currency.) c. Which maturities have the smallest and largest forward premiums? Period /$ Bid Ra
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