5. Given the following information for a three-month contract: Value Today Interest Rate (annual) US Dollars FC 3,750 5% 5,000 6% What will be the forward rate (round nearest thousandth)? (10 points) 6. Soap Company issued $200,000 of 8%, 5-year bonds on January 1, 20X6. The discount on issuance was $12,000. Bond interest is paid annually on December 31. On January 1, 20X9. Pumice Company purchased % of the outstanding bonds for $86,000. Both companies use the straight-line method of amortization. How much interest expense will appear on the December 31, 20X9, consolidated income statement? (10 points) 7. Pile, Inc., a US frim, purchased merchandise for 500,000 FC from a foreign vendor on November 30, 20X5. Payment in foreign currency is due January 31, 20X6. On the same day. Pile signed an agreement with a foreign exchange broker to buy 500,000 FC on January 31, 20X6. Exchange rates to purchase 1 FC are as follows: Spot 30 day Nov. 30, 20X5 $1.49 Dec. 31, 20X5 Jan. 31, 20X6 $1.45 $1.44 $1.48 $1.43 $1.43 60 day $1.46 $1.41 $1.42 What is the accounts payable balance for Pile. Inc. on December 31, 20X5