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help please !! Nickel Plains of Canada has purchased 500,000 pounds of nickel from Coin Ltd, at US$6.96, payable in 90 days. The current spot

help please !!
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Nickel Plains of Canada has purchased 500,000 pounds of nickel from Coin Ltd, at US$6.96, payable in 90 days. The current spot rate is 1.3404 (C$/US$) and the 90-day forward is 1.3421. The vice-president of finance at Nickel Plains suggests that the spot rate in three months' time will be 1.3333. Interest rates in Canada are currently 2 percent for 90 days and 1.6 percent in the United States. a-1. Calculate the receipts if Nickel Plains takes a chance on the spot rate. Receipts C$ a-2. Calculate the receipts if Nickel Plains books a forward contract. Receipts CSO a-3. Calculate the receipts if Nickel Plains buys a money market hedge. (Round intermediate calculations and the final answer to the nearest whole pound.) Receipts C$ b. Not available in Connect

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