If a bushel of corn costs £3.00, and a British pound is worth $1.50, how many dollars would a person receive for 100,000 bushels of corn sold in Britain in the spot market? If the delivery were to occur in 3 months and the U.S. interest rate exceeded the British rate by 2 percent per year, what would be received in the forward exchange market for a conversion arranged now if the current spot rate is $1.50 per British pound? Explain.