Question: Question 3 (3 points) Use the following spot and forward bid-ask rates for the Japanese yen/U.S. dollar (/$) exchange rate from September 16, 2010, to

Question 3 (3 points) Use the following spot and forward bid-ask

Question 3 (3 points) 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: Period Bid Rate \$ Ask Rate spot 85.41 85.02 84.86 84.37 83.17 82.87 81.79 85.46 85.05 84.90 84.42 83.20 82.91 81.82 1 month 2 months 3 months 6 months 12 months 24 months a. What is the yen annual forward premium for 2 month? b. How many yen will your receive from exchanging $15,000 today? show your calculation

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