1-Assume that a currencys spot and futures price are the same, and the currencys interest rate is higher than the U.S. rate. If US investors wish to lock in the higher foreign return (and limit risk), what effect will the actions of U.S. investors have on the currencys spot rate? the currencys futures price?

2- Your company expects to receive 5,000,000 Japanese yen 60 days from now. You decide to hedge your position by selling Japanese yen forward. The current spot rate of the yen is $.0089, while the forward rate is $.0095. You expect the spot rate in 60 days to be $.0090. How many dollars will you receive for the 5,000,000 yen 60 days from now?