Using the following table can you please help answer the following questions? Show work please so I can understand.
Canada-dollar spot .8437
Japan-yen spot .004684
Switzerland-franc spot .5139
1. An American business needs to pay (a) 15,000 Canadian dollars, (b) 1.5 million yen and (c) 55,000 Swiss francs to a businesses abroad. What are the dollar payments to the respective countries?
2. An American business pays $20,000, $5,000, and $15,000 to supliers in respectively, Japan, Switzerland, and Canada. How much, in local currencies, do the suppliers receive?
3. The spreads on the contracts as a percent of the asked rates are 4% for yen, 3% for Canadian dollars, and 6% for Swiss frans. Show in a table the bid rates for the different spot and forward rates.
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