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b) Consider the following quotes on the Israeli New Shekel (ILS) and the U.S. Dollar (USD): Spot exchange rate ILS3.05-3.13/USD 3-months ILS3.19-3.20/USD 6-months ILS3.31-3.45/USD 9-months

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b) Consider the following quotes on the Israeli New Shekel (ILS) and the U.S. Dollar (USD): Spot exchange rate ILS3.05-3.13/USD 3-months ILS3.19-3.20/USD 6-months ILS3.31-3.45/USD 9-months ILS3.61-3.89/USD i. Suppose that you are a U.S.-based trader and would like to enter a forward-forward forex swap into Israeli New Shekel worth USD1,000,000 in three months' time for six months. Calculate and explain the cash flows associated with this swap transaction

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