What bid and ask yen cross rates would you quote on spot, Financial Management

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What bid and ask yen cross rates would you quote on spot

As a foreign exchange trader at Sumitomo Bank, you have a customer who would like spot and 30-day for- ward yen quotes on Australian dollars. Current market rates are as follows:

Spot

¥121.37–85/U.S.$1

A$1.1878–98/U.S.$1

30-day

15–13

0–26

a. What bid and ask yen cross rates would you quote on spot Australian dollars?

b. What outright yen cross rates would you quote on 30-day forward Australian dollars?

c. What is the forward premium or discount on buying 30-day Australian dollars against yen delivery?

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Financial Management: What bid and ask yen cross rates would you quote on spot

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