Please do all parts as per Chegg guidelines do all four. Do not copy and paste from Chegg. The answers are wrong here. Please just give the correct choice thanks.

Part 1.

A New Zealand based company is looking to enter into an FX forward contract to hedge its exposure to an USD 80 million contract, which will be paid in two years time. The current NZD/USD spot rate is 0.5701. The simple interest rate for NZD deposit is 1.0%, and the interest rate for USD deposit is 1.50%. Calculate the NZD/USD forward rate.

Hint: Use the forward rate formula.

0.5646

0.5757

0.5779

0.5673

Part 2.

Given the following bid offer spot rates and forward points, quote the forward rates.

USD/JPY Spot: 110.87-110.93

Forward Points: 13-10

110.97-111.06

110.77-110.80

111.00-111.03

110.74-110.83

Part 3.

A client is looking to buy forward CHF $60 million with USD on January 7, 2021. Calculate the USD/CHF forward rate given the following data.

Dates		Day Count
Transaction Date	June 5, 2020	N/A
Spot Value Date	June 7, 2020	N/A
Forward Value Date	January 7, 2021	214
6 Months Forward	December 6, 2020	182
12 Months Forward	June 7, 2021	365

	Rates
USD/CHF Spot	0.9837-47
6-Month Forward Points	78.00-88.00
12-Month Forward Points	132.10-148.10

0.9924

0.9936

0.9927

0.9919

Part 4.

A European client that was due to paying JPY 20 million held a forward contract to hedge a JPY 20 million contract, which has been delayed by one year. The client decided to enter into an FX swap to roll forward the position.

The EUR/JPY rate on the original FX forward expiry date was 119.30. The forward rate in one year is 119.10. The interest rate in Europe is 0.50% while the interest rate in Japan is 0.25%. Calculate the total benefit or cost of this FX swap.

- 138.30

- 137.59

137.59

138.30