British Mobile placed an order for mobiles from Oman Mobile for which it has to pay in USD. The payment has to be made after 15 months. The price of each mobile is 100 USD As the finance manager of British Mobile you booked a forward contract today. GBP USD spot and forward rates are shown below Question: How much does British Mobile have to pay in GBP for each mobile. Question: Why book a forward contract? Question: Don't you think it is better to book an option contract instead of a forward contract Yo session seped Click here to read the page LOW GBPFWD- GBP FHD RATES B1d/Ask Contributor LOC Srce Deal 1.2502/1.2507 SE BANKEN NYC SEBN Bid/Ask Contributor Loc Srce Deal GBPFWD: GBPFWD= RIC GBP RIC GBPON GBPTN GBPSN: GBPSW GBP2W + GBP3W LOW LBBW LBBW LBBW LBBW ZUERCHER KB IN 0.0100/0.0400 0.0100/0.0300 0.17/0.31 0.49/0.65 0.22/1.15 STG LBBH LBWF STG LBBW LBWF STG LBBW LBWF STG LBBW LBWF ZUR ZKBZ ZKBZ STOLRAHLRHE Time High 1:00 Time High 1:03 17:58 0.0100 18:00 0.0170 17:58 0.17 18:00 0.63 12:07 0.92 18:00 1.68 Date 02MAY20 Date 03MAY 20 03MAY 20 03MAY20 03MAY20 03MAY20 03MAY20 03NAY20 0.0400 0.0300 0.20 0.33 1.06 0.62 52 Date GBPFWD GBP FWD RATES Bud/AS Contributor Loc Srce Deal Time High Low + 1.2502/1.2507 SE BANKEN NYC SEBN 1:00 Bud/Ask Contributor Loc Srce Deal Time High Lom 1:03 0.0100/0.0400 LBBW STG LBBW LBWF 17:58 0.0100 0.0400 0.0100/0.0300 LBBW STG LBBW LBWF 18:00 0.0170 0.0300 0.17/0.31 LBBW STG LBBW LBWF 17:58 0.17 0.20 0.4970.65 LBBW STG LBBW LBWF 18:00 0.63 0.33 0.22/1.15 ZUERCHER KB ZUR ZKBZ ZKBZ 12:07 0.92 1.06 1.54/1.74 LBBW STG LBBW LBWF 18:00 1.68 0.62 3.38/3.68 LBBW STG LBBW LBWF 18:00 3.54 3.62 4.39/4.79 LBBH STG LBBW LBWF 17:58 4.69 4.78 5.55/6.05 LBBW STG LBBW LBWF 18:00 5.80 6.01 6.8377.39 LBBH STG LBBW LBWF 18:00 7.04 7.38 7.77/8.53 LBBW STG LBBW LBWF 18:00 7.97 8.53 8.5479.54 LBBW STG LBBW LBWF 18:00 8.59 9.54 12.78/13.98 LBBW STG LBBW LBWF 18:00 13.00 13.98 13.21714.81 LBBH STG LBBW LBWF 18:00 13.21 8.95 14.07/16.07 LBBW STG LBBW LBWF 18:00 14.66 16.07 14.74/16.94 LBBW STG LBBW LBWF 18:00 15.20 16.90 14.56/16.96 LBBW STG LBBW LBWF 18:00 15.10 16.96 12.04/24.04 COMMERZBANK FFT CBFW CBFT 10:10 15.41 19.98 15.97/23.47 LLOYDS BANK LON LOYL LOYQ 10:02 17.62 22.62 12.97/36.08 COMMERZBANK FFT CBFW CBFT 10:15 22.44 28.44 13.01/25.01 LLOYDS BANK LON LOYL LOYQ 10:12 23.91 0.40 25.49/34.99 BOA NYC BAFX BANY 10:00 25.49 34.99 16.00/56.00 COMMERZBANK FFT CBFW CBFT 10:10 30.97 0.51 46.98/66.98 BOA NYC BAFX BANY 10:00 46.98 66.98 73.02/98.02 BOA NYC BAFX BANY 10:00 73.02 0.75 73.00/173.00 COMMERZBANK FFT CBFW CBFT 10:00 87.00 159.00 116.00/216.00 COMMERZBANK FFT CBFW CBFT 10:00 124.00 208.00 165.00/265.00 COMMERZBANK FFT CBFW CBFT 10:10 167.00 263.00 211.00/331.00 COMMERZBANK FFT CBFW CBFT 10:00 217.00 325.00 260.00/400.00 COMMERZBANK FFT CBFW CBFT 10:00 270.00 390.00 02MAY 20 Date 03MAY 20 03MAY20 03MAY20 03MAY 20 03MAY20 03MAY 20 03MAY20 03MAY 20 03MAY20 03MAY 20 03MAY20 03MAY20 03MAY20 03MAY20 03MAY 20 03MAY20 03MAY20 03MAY20 03MAY20 03MAY20 03MAY20 03MAY20 03MAY20 03MAY 20 03MAY20 03MAY20 03MAY20 03MAY20 03MAY20 03MAY20 03MAY20