Keep the Highest/3 13. Problem 18.13 (Spot and Forward Rates) allack Arvin Australian Imports has agreed to purchase 15,

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Keep The Highest 3 13 Problem 18 13 Spot And Forward Rates Allack Arvin Australian Imports Has Agreed To Purchase 15 1 (47.23 KiB) Viewed 25 times

Keep the Highest/3 13. Problem 18.13 (Spot and Forward Rates) allack Arvin Australian Imports has agreed to purchase 15,000 cases of Australian wine for 5 mition Australian dollars at today's spot rate. The firm's financial manager, Sarah Vintnor, has noted the following current spot and forward t Australian Dollar/ U.S. Dollar/ Australian Dollar 0.7152000 0.7152064 U.S. Dollar 1.3982103 1.3981978 Spet 30-day forward 90-day forward 180-day forward 0.7151621 1.3982844 0.7151271 1.3903528 On the same day, Vintnor agrees to purchase 15,000 more cases of wine in 3 months at the same price of 5 milion Australian dollars. What is the price of the wine in US dollars if its purchased at today's spot rate? Round your answer to the nearest cent. Write out your answer completely. For example, 25 million should be entered as 25,000,000 1 What is the cost in U.S. dolars of the second 15,000 cases if payment is made in 90 days and the spot rate at that time equals today's 90-day forward rate? Round your answer to the nearest cent. Write out your answer completes. For example, 25 milion should be entered i 25,000,000. S If the exchange rate for the Australian duteris 1.29 to $1 in 10 days, how much will Vinthor have to pay for the wine (n US dollers? Round your answer to the nearest cent write out your answer completely. For ex, 21 mi should be entered as 25,000,000 Grade it Now Save & Continue Continue without saving MacBook Air 80