Question: Please answer the next question based on the following Chase Bank's direct spot and forward markets quotes for MXN right now (1/1/XX), and expected quotes

Please answer the next question based on the following Chase Bank's direct spot and forward markets quotes for MXN right now (1/1/XX), and expected quotes three months later (4/1/XX), and six months later (7/1/XX). On 1/1/XX, Dell bought a 6 -month forward contract of MXN 1,000,000 from Chase. Based on this contract, on 7/1/XX, Dell will pa to Chase, Chase will pay to Dell. USD 225,800; MXN 1,000,000 MXN 225,800; USD 210,700 USD 210,700; MXN 1,000,000 MXN 1,000,000; USD 225,800

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