Question: Please give me a detailed solution process! Thank you very much! Question 3 5 pts 10. 5 points. The spot rate for Japanese yen is

Please give me a detailed solution process! Thank you very much!

Please give me a detailed solution process! Thank you very much! Question 3 5 pts 10. 5 points. The spot rate for Japanese yen

Question 3 5 pts 10. 5 points. The spot rate for Japanese yen is 113Yen per dollar. The spot rate for Indian Rupees is 72 rupees per dollar. What is the cross rate between yen and rupees? Please quote your rate in yen per rupees, and give your answer to three decimal places. Question 4 5 pts 1D. 5 points. One year ago, you signed a forward contract in which you agreed to buy 13,239British pounds today at a price of USD 1.90 per GBP. The spot rate is currently USD 1.98 per GBP. What is your profit or loss on the forward contract compared to buying on the open market? Please give your answer to the nearest US dollar

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