Consider the following quotes involving the dollar

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2. Consider the following quotes involving the dollar, the pound, and the euro.$ and €€ and £Bid in EurozoneAsk in EurozoneBid in LondonAsk in LondonIndirect$0.9836$0.9839€1.5473€1.5480Direct€1.0164€1.0167£0.6460£0.6463a. Compute the effective $/£ ask and bid cross-rates. Show your work.b. Exchange rate quotes garner many labels: direct/indirect or European/American. How can we distinguish between these terms? 3.Use the following spot and forward bid-ask rates for the Japanese yen/U.S. dollar (¥/$) exchange rate from September 16, 2010:Period¥/$ Bid Rate¥/$ Ask Ratespot82.5382.561 month82.1482.182 months82.0282.073 months81.5981.626 months80.4380.4712 months80.1580.1924 months79.0979.13Using mid-rates, which maturities have the smallest and largest forward premiums for the yen?a. 1 month is the smallest and the 24 month is the biggestb. 3 month is the smallest and the 6 month is the biggestc. 6 month is the smallest and the 3 month is the biggestd. 24 month is the smallest and the 1 month is the biggest
To answer this you will need two more columns of data:PeriodMid Rate ¥/$Forward Premium on ¥spot1 month2 months3 months6 months12 months24 months
34.Consider the following quotes involving the dollar, the euro, and the pound. Because these are

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