(a) Calculate the forward premium on the dollar (the dollar is the home currency) if the spot rate is 1.330/$ and the 3-month forward rate is 1.3400/$. (6 marks) (b) Calculate the forward discount on the dollar (the dollar is the home currency) if the spot rate is $1.5800/ and the 6-month forward rate is $1.5550/. (6 marks) (c) A U.S. firm has agreed to import 15,000 cases of Japanese beer for 40 million Japanese yen at today's spot rate. The firm's financial manager, Jim Brown, has noted the following current spot and forward rates: USD/JPY JPY/USD 0.01095 Spot 91.3404 30-day forward 91.1280 0.01097 90-day forward 91.0240 0.01099 180-day forward 91.0231 0.01110 On the same day, Brown agrees to import 15,000 more cases of beer in 3 months at the same price of 40 million Japanese yen. (1) Calculate the price of the beer in U.S. dollars if it is purchased at today's spot rate. (4 marks) (ii) Calculate the cost in U.S. dollars of the second 15,000 cases if payment is made in 90 days and the spot rate at that time equals today's 90-day forward rate (4 marks) (iii) If the exchange rate for the Japanese yen is 80 yen to $1 in 90 days, calculate how much Brown will have to pay for the beer (in U.S. dollars)