Question: Use the table to answer questions, show all work. a) The current spot rate of dollars per pound as quoted in a newspaper is ________

Use the table to answer questions, show all work.

a) The current spot rate of dollars per pound as quoted in a newspaper is ________ or ________.

b) The one-month forward bid price for dollars as denominated in Japanese yen is:

c) The ask price for the two-year swap for a British pound is: ________.

d) According to the information provided in the table, the 6-month yen is selling at a forward ________ of approximately ________ per annum. (Use the mid rates to make your calculations.)

Pound: Spot and Forward ($/) Mid Rates Bid Ask 1.4484 1.4481 1.4487 Yen: Spot and Forward (/$) Mid Rates Bid Ask Spot 129.87 129.82 129.92 Forward Rates 1 month 129.68 -20 -18 6 months 128.53 -136 -132 Swaps 2 year 117.65 1232 1212 3 year 115.50 1452 1422 1.4459 1.4327 -26 -160 -24 -154 1.4250 1.4225 -238 -265 -230 -253

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