Forward Rates. Use the table

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containing economic, financial, and business indicators to answer the following questions. Using the spot rates and 3-month interest rates in the table, calculate the 90-day forward rates for:

a. Japanese yen to U.S. dollar exchange rate

b. Japanese yen to Australian dollar exchange rate

c. Australian dollar to U.S. dollar exchange rate

Question content area bottom

Part 1

Using the spot rates and 3-month interest rates, calculate the 90-day forward rates for:

a. Japanese yen to U.S. dollar exchange rate

The 90-day forward rate for the Japanese yen / U.S. dollar exchange rate is

enter your response here/$.

(Round to two decimal places.)

Part 2

b. Japanese yen to Australian dollar exchange rate

The 90-day forward rate for the Japanese yen / Australian dollar exchange rate is

enter your response here/A$.

(Round to two decimal places.)

Part 3

c. Australian dollar to U.S. dollar exchange rate

The 90-day forward rate for the Australian dollar / U.S. dollar exchange rate is

A$enter your response here/$.

(Round to four decimal places.)

Forecasting the Pan-Pacific Pyramid: Australia, Japan, and the United States Note: Unless otherwise noted, percentages are percentage changes over one year. Rec Qtr = recent quarter. Values for 2015e are estimates or forecasts. Forecasting the Pan-Pacific Pyramid: Australia, Japan, and the United States Note: Unless otherwise noted, percentages are percentage changes over one year. Rec Qtr = recent quarter. Values for 2015e are estimates or forecasts