What are the dollar payments to the different countries

Country Currency Contract \$/Foreign Currency

30 day .8417
90 day .8395

Japan - yen Spot .004684
30 day .004717
90 day .004781

Switzerland - fran Spot .5139
30 day .5169
90 day .5315

1) Converting currency - American business needs to pay (a) 10,000 Canadian dollars, (b) 2 million yen (c) 50,000 Swiss francs to businesses abroad. What are the dollar payments to the different countries?

2) Converting currency - American business pays \$10,000, \$15000, and \$20,000 to suppliers in Japan, Switzerland and Canada. How much in local currency do the suppliers receive?

3) Indirect quotes - Compute the indirect quote for the spot and forward Canadian dollar, yen and Swiss franc contracts.

4) Bid, spot and forward rates - The spreads on the contracts as a % of the asked rates are 2% for yen, 3% for Canadian dollars and 5% for Swiss francs. Demonstrate in a table similar to the one above the bid rates for the different spot and forward rates.

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