Question: help with A2 and B You are a currency trader specializing in the Japanese yen, and you are confident that the spot exchange rate will

help with A2 and B  help with A2 and B You are a currency trader specializing
in the Japanese yen, and you are confident that the spot exchange

You are a currency trader specializing in the Japanese yen, and you are confident that the spot exchange rate will be 118 per dollar in six months based on your analysis. The current spot exchange rate is 123 per dollat, and the six-month forward rate is 113 per dollar. Assume that you would like to buy or sell $100,004,000. Use direct quotes in your calculations. Enter the numeric portion of your answer without the currency symbols. Required: a-1. How should you speculate in the forward market to make a profit? a-2. What is the expected dollar profit from speculation? b. What would be your speculative profit in dollar terms if the spot exchange rate turns out to be 117 per dollor in six months? Complete this question by entering your answers in the tabs below. What is the expected dollar profit from speculation? Note: Round intermediate calculations to 5 decimal places. Round your final answer to nearest whole dollar. What would be your speculative profit in dollar terms if the spot exchange rate turns out to be 1117 per dollar in six months? Note: Round intermediate calculations to 5 decimal places. Round your finat answer to nearest whole dollar

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