Please show all of your calculations 1) The one-month forward bid price for doll

Question

Please show all of your calculations
1) The one-month forward bid price for dollars as denominated in Japanese yen is ________ Multiple chouice are

¥ 129.62/$

-20

-18

¥ 129.74/$

. 2) The current spot rate of dollars per pound as quoted in a newspaper is ________ or ________.

£ 1.4484/$; $0.6904/ £

£ 1.4487/$; $0.6903/ £

$1.4484/ £ ; £ 0.6904/$

$1.4481/ £ ; £ 0.6906/$

-253

Use the table to answer the following question(s). Yen: Spot and Forward(/$)Pound: Spot and Forward ($/) Mid Rates Bid Ask Mid Rates Bid Ask Spot 129.87 129.82 129.92 1.4484 1.4481 1.4487 Forward Rates 1 month 129.68 -20 -18 1.4459 -26 -24 6 months 128.53 -136 -132 1.4327 -160 -154 Swaps 2 year 117.65 1232 1212 1.425 -238 -230 3 year 115.5 1452 1422 1.4225 -265

-253

Explanation / Answer

1)  one-month forward bid price for dollars as denominated in Japanese yen is

Spot + one month forward = 129.82 + (-20) = 129.62

2) The current spot rate of dollars per pound as quoted in a newspaper is spot mid rate

$1.4484/ £ or £ 0.6904/$ (1/1.4484)

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