Question 6, Problem 5-1... = Homework: . Part 1 of 14 HW Score: 36.94%, 2.22 of 6 points Points: 0 of 1 Aussie Dollar Forward. Use the following spot and forward bid-ask rates for the U.S. dollar/Australian dollar (US$ = A$1.00) exchange rate from December 10, 2010, to answer the following questions: a. What is the midrate for each maturity? b. What is the annual forward premium for all maturities? c. Which maturities have the smallest and largest forward premiums? Period Bid Rate Ask Rate spot 0.98510 0.98540 1 month 0.98131 0.98165 2 months 0.97745 0.97786 3 months 0.97397 0.97441 6 months 0.96241 0.96295 12 months 0.93960 0.94045 24 months 0.89770 0.89900 ...... a. What is the mid-rate for each maturity? Calculate the mid-rate for each maturity below: (Round to six decimal places.) Period Days Forward Spot 0 Bid Rate Ask Rate Mid-rate US$/A$ US$/A$ US$/A$ 0.98510 0.98540