Question: Use the rates provided below for the problem. Bid Ask Spot GBP/USD 1.5102 1.5195 Forward (90 day) GBP/USD 1.5005 1.5085 Bid Ask Spot USD/JPY 123.22

Use the rates provided below for the problem.

Bid Ask
Spot GBP/USD 1.5102 1.5195
Forward (90 day) GBP/USD 1.5005 1.5085
Bid Ask
Spot USD/JPY 123.22 128.55
Forward (90 day) USD/JPY 120.25 122.35

How many JPY can you get for GBP 50 million today? Calculate Bid and Ask for GBP/JPY and show the calculations in details.

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