Question: Please Kindly help me Answer this Problem QUESTION 4 (14 MARKS) Spot and Forward Rates Table Country-currency Canada-dollar Japan-yen Contract Spot 30-day Spot 30-day Spot

Please Kindly help me Answer this Problem

Please Kindly help me Answer this Problem QUESTION 4 (14 MARKS) Spot

QUESTION 4 (14 MARKS) Spot and Forward Rates Table Country-currency Canada-dollar Japan-yen Contract Spot 30-day Spot 30-day Spot 30-day S/Foreign Currency 0.8437 0.8417 0.004684 0.004717 0.5139 0.5169 Switzerland-franc Required: a) An American business needs to pay (a) 10,000 Canadian dollars, (b) 2 million yen, and (c) 50,000 Swiss francs to business abroad. What are the dollar payments to the respective countries? Calculate based on selling quotes above. (8 marks) (CLO2.PLO6:04) b) There are two basic type of trades in the foreign exchange market: spot trades and forward trades. Discuss the difference between these transactions. (6 marks) (CLO2:PLO6:04)

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