#2: Purchasing and selling currencies and Interest Rate Parity Offer for s DK3.35/5 Time Bid for S Spot DK3.25/5 Forward 1-month DK3.35/5 DK3.45/S Forward 3-months DK3.45/S DK3.55/5 Answer the following questions based on the above given quotations: (DK is Danish Krone). a) How many Danish Krons will you receive if you sold $70,000,000 forward one month? b) How many dollars will you receive if you sell 200,000,000DK spot? c) A bonus question: In New York, three-month treasury-bills yield 1.5% (rus = 0.015) (6% p- year). Based on the Interest Rate Parity concept, what should be the yield on Danish Three- month T-bills (rdk)? (For simplicity sake, use only the offer quotes)