Question: please answer a,b,and c with all steps shown. EP and Rosneft 2015. BP (UK) and Rosnef (Russia) had severed a long-term joint venture in 2013,
EP and Rosneft 2015. BP (UK) and Rosnef (Russia) had severed a long-term joint venture in 2013, with Rosneft buying BP out with 355 billion in cash and a 204 interest (equity interest) in Rosmeft itself. Rosneft firanced a large part of the buyout by bomowing heavily. The following year, in July 2014,8P received a dividend an is ownership interest in Rosneht of RuB24 billon. But Rosnefte performance had been declining, as was the Russlan ruble. The Winter of 20142015 in Europe was a reiatively mild one, and Europe purchases of Rosnefr's natural gas had fallen as had the price of naturat gas. Rosnefte total sales were dewn, and the ruble had clearly tallen dramatically. And to add debt to injury, Roaneft was due to make a payment of USD 19.6 billion in 2015 . on its debt from the Bep buyout. a. Assuming a spot rate of RUB34 % =USD 1.00 in July 2014 how inuch was the dividend paid to EP in U.S. dollars? b. If Rosneft were to pay the same dividend to BP in Jily 2015 , and the spol raie at that lime was RUG75.02 = USO1.00, what would BP receive in U. 5. doilan? c. If the combination of Weatem sanctions againat Ryssie and lower global oil prices truly sent the Russian economy into recession, and the spot rale was RUB75.02 = USD1.00 in July 2015. what enight aPss dividend be in July 2015 ? a. Acauming a spot fate of RUB34 77 = USO1 00 in July 2014 , how much was the dividend paid to 3P in U.5. dollars? The dividend pard to BP is 1 (Round to the thearest cent.)
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