Restate the following, one, three-, and six month outright forward European term bid- ask quotes in forward points. Spot 1.3431- 1.

4.Restate the following, one, three-, and six month outright forward European term bid- ask quotes in forward points.1.3431- 1.34361.3432- 1.34421.3448- 1.34631.3488- 1.35085.- using the spot and outright forward quotes in problem 3, determine the correct sponding bid-ask spread in points. Problem 3 (a foreign echange with U.S. ban took a short position of L5,000,000 when the $/L rate was 1.55 subsequently, the exchange rate has changed to 1.61. in this movement8.- A bank is quoting the following exchange rates against the dollar for the Swiss franc and the autralian dollar:SFr/$=1.5960-70A$/$= 1.7225- 35 An australain firm asked the bak for an A$/SFrquote, what cross rate would the bank quote.