Question: EXCEL FORMAT ONLY, PLEASE AND THANK YOU 9. [EXCEL]Forward rate: Brilliant Equipment purchased machinery from a Japanese firm and must make a payment of 313.25

EXCEL FORMAT ONLY, PLEASE AND THANK YOU

9. [EXCEL]Forward rate: Brilliant Equipment purchased machinery from a Japanese firm and must make a payment of 313.25 million in 45 days. The bank quotes a forward rate of 103.01/$ to buy the required yen. What is the cost to Brilliant in U.S. dollars?

10. [EXCEL]Forward rate: Triumph Autos has contracted with an Indian software firm for design software. The payment of 22,779,750 rupees (Rs) is due in 30 days. What is the cost in dollars if the 30-day forward rate is Rs64.39/$.

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