pens for three points in time now (exx), three months later (//xx), and six months later 26. Here are direct quotes from the spot and forward markets for British pounds and Japanese (7/1/XX). MIXX 4/1/XX 7/1XX British Pound Spot 3 month forward 6 month forward Japanese Yen Spot 3 Month Forward 6 Month Forward 14200 1.4388 1.4304 1.4483 1.4243 1.4203 1.4207 1.4409 1.4477 0.0094 0.0096 0.0097 0.0088 0.0077 0.0071 0.0089 0.0085 0.0080 Based on your knowledge of the quotes on all three periods, on 1/1/XX, you should be long on a. 3-month forward contract on Yen b. 6-month forward contract on Yen c. 3-month forward contract on Pound d. 6-month forward contract on Pound 27. If multiple dealers have posted different bid-ask quotes on a certain currency, then you should: a. Sell to the dealer with the lowest bid, and buy from the dealer with the highest ask b. Sell to the dealer with the highest bid, and buy from the dealer with the lowest ask c. Sell to the dealer with the lowest ask, and buy from the dealer with the highest bid d. Sell to the dealer with the highest ask, and buy from the dealer with the lowest bid