Section 2 Calculations. Spt each part, 50 pts total. Show your work, no work = 0 pt! Do not round your work. For 1, 2, 3, 4 & 5. A newspaper provides spot exchange rate of $1 = .7555 and 1-year forward rate of $1=.7755. You'll also need to use the additional information provided in the problems. 1) Jay has Pound 1,000 wishes to trade out of pound and get Euro. The USD-Euro exchange rate is quoted as $1.30 = Euro 1.00. How much Euro will the customer get, 2 decimal places