Question: please help (Problem 2 at EOC) While you were visiting London you purchased a Jaguar for 32,000, payable in three months. You have enough cash

please help

(Problem 2 at EOC) While you were visiting London you purchased a Jaguar for 32,000, payable in three months. You have enough cash (dollar) at your bank in New York City, which pays 0.3596 interest per month, compounding monthly, to pay for the car. Currently, the spot exchange rate is $153/ and the three-month forward exchange rate is $1.33/. In London, the money market interest rate is 2.1% for a three month investment. There are two alternative ways of paying for your Jaguar Option 2: Buy a certain pound amount spot today and invest the amount in the U.K. for three months so that the maturity value becomes equal to 32, what is the the dollar cost of this option today? le.g., if your answer is 12,345.68, round to two decimals, and enter it as 12345.67)

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