Question: 29. Based on the following table. Instrument Bid Ask USDJPY 1M FWD -3.14 -2.9 USDJPY 2M FWD -6.22 -5.82 USDJPY 3M FWD -9.78 -9.18 USDJPY

29. Based on the following table.

Instrument

Bid

Ask

USDJPY 1M FWD

-3.14

-2.9

USDJPY 2M FWD

-6.22

-5.82

USDJPY 3M FWD

-9.78

-9.18

USDJPY 4M FWD

-13.17

-12.37

USDJPY 5M FWD

-16.39

-15.39

USDJPY 6M FWD

-20.44

-19.24

USDJPY Spot

107.147

107.257

What is the average annualized forward premium/discount for the JPY if you use the 2M forward contract (Format for answer: X.XX% or X.XX%)

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