Based on the following table. Instrument Bid Ask USDJPY 1M FWD -3.14 -2.9 USDJPY 2M FWD -6.22 -5.82 USDJPY 3M FWD -9.78 -9.18 USDJPY 4M FWD -13.17 -12.37 USDJPY 5M FWD -16.39 -15.39 USDJPY 6M FWD -20.44 -19.24 USDJPY Spot 121.112 121.233 What is the average annualized forward premium/discount for the JPY if you use the 4M forward contract (Format for answer: X.XX% or –X.XX%)
Based on the following table. Instrument Bid Ask USDJPY 1M FWD -3.14 -2.9 USDJPY 2M FWD -6.22 -5.82 USDJPY 3M FWD -9.78 -9.18 USDJPY 4M FWD -13.17 -12.37 USDJPY 5M FWD -16.39 -15.39 USDJPY 6M FWD -20.44 -19.24 USDJPY Spot 121.112 121.233 What is the average annualized forward premium/discount for the JPY if you use the 4M forward contract (Format for answer: X.XX% or –X.XX%)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Based on the following table.
|
Instrument
|
Bid
|
Ask
|
|
USDJPY 1M FWD
|
-3.14
|
-2.9
|
|
USDJPY 2M FWD
|
-6.22
|
-5.82
|
|
USDJPY 3M FWD
|
-9.78
|
-9.18
|
|
USDJPY 4M FWD
|
-13.17
|
-12.37
|
|
USDJPY 5M FWD
|
-16.39
|
-15.39
|
|
USDJPY 6M FWD
|
-20.44
|
-19.24
|
|
USDJPY Spot
|
121.112
|
121.233
|
What is the average annualized forward premium/discount for the JPY if you use the 4M forward contract (Format for answer: X.XX% or –X.XX%)
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What is the average annualized forward premium/discount for the JPY if you use the 2M forward contract (Format for answer: X.XX% or –X.XX%)
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