4.Ivanhoe Equipment purchased machinery from a Japanese firm and must make a payment of 284,680,000 in 45 days. The bank quotes a forward rate of 100.00/$ to buy the required yen. What is the cost to Ivanhoe in U.S. dollars?(Round answer to 2 decimal places, e.g. 15.25.)

Cost of equipment

$

5. Pharoah Autos has contracted with an Indian software firm for design software. The payment of 21,700,000 rupees (Rs) is due in 30 days. What is the cost in dollars if the 30-day forward rate is Rs62.00/$.(Round answer to 2 decimal places, e.g. 15.25.)

Cost of software

$

6. Nova Scotia Bank offers quotes on the Canadian dollar as shown below. What is the bid-ask spread based on these quotes?(Round answer to 2 decimal places e.g. 17.54%.)

Bid

Ask

C$0.9883/$

C$0.9892/$

Bid-ask spread

%