1. On 2/1/XX, GM sold a three-month forward contract for 250 million yen to CitiCorp. Based on this transaction, indicate which statement listed below are true?

On 5/1/XX, GM will have to pay $1,875,250 to CitiCorp

On 2/1/XX, GM will have to deliver 250 million yen to CitiCorp

On 5/1/XX, CitiCorp will have to pay $1,875,250 to GM

On 5/1/XX, CitiCorp will have to deliver 250 million yen to GM

On 5/1/XX, CitiCorp will have to pay $2,090,000 to GM

On 5/1XX, GM will have to deliver 250 million yen to Citicorp.

2. On 2/1/XX, Dow Chemicals bought a three-month forward contract for 10 million Swiss francs from Citicorp. Based on this transaction, indicate whether each statement listed below is true or false:

On 5/1/XX, Dow will have to pay $6,022,000 to Citicorp

On 5/1/XX, Dow will have to pay $6,023,000 to Citicorp

On 5/1/XX, Citicorp will have to deliver 10 million Swiss francs to Dow

Tue 1.4449 1.4465 44311.4448 4398 1.4414 Britain (Pound) 1-month forward... 3-months forward 6-months forward.1.4350 1.4366 Japan (Yen) 1-month torward....00312 3 3-months torward..008360008390 6-months forward 1.42941.4355 1-month torward 142671.4327 3-months forward...4217 1.4277 Britain (Pound) 6-months forward 1-month forward.. 1.41431.4204 008285 008318 007469 007542 .007480 007554 3-months torward.. .007501 00757 008430 .008463 .6018 6039 .601 .6040 .6023 6044 .6034 .654 6-months forward.. .007537 007611 Switzerland (Franc)-.. 1-month forward 3-months forward 6-months forward 9 Switzerland (Franc) 1-month forward.. 3-months torward. 6-months forward... .6020 .6019 6021 .6020 6022 6020 .6024 .6023 Tue 1.4449 1.4465 44311.4448 4398 1.4414 Britain (Pound) 1-month forward... 3-months forward 6-months forward.1.4350 1.4366 Japan (Yen) 1-month torward....00312 3 3-months torward..008360008390 6-months forward 1.42941.4355 1-month torward 142671.4327 3-months forward...4217 1.4277 Britain (Pound) 6-months forward 1-month forward.. 1.41431.4204 008285 008318 007469 007542 .007480 007554 3-months torward.. .007501 00757 008430 .008463 .6018 6039 .601 .6040 .6023 6044 .6034 .654 6-months forward.. .007537 007611 Switzerland (Franc)-.. 1-month forward 3-months forward 6-months forward 9 Switzerland (Franc) 1-month forward.. 3-months torward. 6-months forward... .6020 .6019 6021 .6020 6022 6020 .6024 .6023