BP and Rosneft $2015.$ BP$($UK$)$ and Rosneft$($Russia$)$ had severed a$$ long$-$term joint venture in$2013,$ with Rosneft buying BP out with $$$$54$ billion in cash and a$20\%$ interest$($equity interest$)$ in Rosneft itself. Rosneft financed a large part of the buyout by borrowing heavily. The following$$ year, in July$2014,$ BP received a dividend on its ownership interest in Rosneft of RUB$24$ billion. But$$ Rosneft's performance had been$$ declining, as was the Russian ruble. The winter of$2014-2015$ in Europe was a relatively mild$$ one, and$$ Europe's purchases of$$ Rosneft's natural gas had fallen as had the price of natural gas.$$ Rosneft's total sales were$$ down, and the ruble had clearly fallen dramatically. And to add debt to$$ injury, Rosneft was due to make a payment of USD$19\mathrm{.}5$ billion in $2015$ on its debt from the BP buyout.a$.$ Assuming a spot rate of RUB$34\mathrm{.}79=$ USD$1\mathrm{.}00$ in July $2014,$ how much was the dividend paid to BP in U$.$S$.$ dollars?

b$.$ If Rosneft were to pay the same dividend to BP in July $2015,$ and the spot rate at that time was RUB$75\mathrm{.}03=$ USD$1\mathrm{.}00,$ what would BP receive in U$.$S$.$ dollars?

a$.$ Assuming a spot rate of RUB$34\mathrm{.}79=$ USD$1\mathrm{.}00$ in July $2014,$ how much was the dividend paid to BP in U$.$S$.$ dollars?

The dividend paid to BP is $$689853406\mathrm{.}15119287.($Round to the nearest cent.$)$

b$.$ If Rosneft were to pay the same dividend to BP in July $2015,$ and the spot rate at that time was RUB$75\mathrm{.}03=$USD$1\mathrm{.}00,$ what would BP receive in U$.$S$.$ dollars?

The dividend BP would receive is $$319872051\mathrm{.}17952818.($Round to the nearest cent.$)$

BP$\text{'}$s dividend could very well be zero in $2015$ if the Russian economy

in the first half of the year, and Rosneft's profitability was

from economic conditions, sanctions, and the of the ruble.

Even if Rosneft did manage to achieve a

level of profit in $2015,$ given its sizeable debt payment obligation, it could choose to not pay a dividend in order to preserve cash flow for debt service.

Finally, at least in the early spring of $2015,$ there was a real possibility that the Russian government could institute capital controls that would

the payment of the dividend to a foreign stockholder like BP$.$ Capital controls were a real possibility because of the

value of the ruble.

a$.$ Assuming a spot rate of RUB $34\mathrm{.}79$ equals USD $1\mathrm{.}00$ in July$2014,$ how much was the dividend paid to BP in U$.$S$.$ dollars?

b$.$ If Rosneft were to pay the same dividend to BP in July$2015,$ and the spot rate at that time was RUB $75\mathrm{.}03$ equals USD $1\mathrm{.}00,$ what would BP receive in U$.$S$.$ dollars?

c$.$ If the combination of Western sanctions against Russia and lower global oil prices truly sent the Russian economy into$$ recession, and the spot rate was RUB $75\mathrm{.}03$ equals USD $1\mathrm{.}00$ in July$2015,$ what might$$ BP$\text{'}$s dividend be in July$2015?$ PLEASE ANSWER PART C ONLY! Thank you!