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On July 15, 2016, you convert 510,000 U.S. dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward contract to

image text in transcribedimage text in transcribedOn July 15, 2016, you convert 510,000 U.S. dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward contract to convert yen into dollars. How much will you receive in U.S. dollars at the end of six months? Use the data in Table 91 for this problem. (Round your answer to 2 decimal places. (e.g., 32.16))

IN US$ PER US$ Country/currency Americas Argentina peso Brazil real Canada dollar Fri Thurs Fri Thurs 0.0669 0.3050 0.7709 0.7709 0.7710 0.0679 0.3074 0.7758 o.7758 0.7759 o.7760 o.001538 O.0003429 14.9390 3.2784 1.2972 1.2971 1.2970 1.2968 655.10 2922.25 14.7260 3.2533 1.2891 1.2890 1.2889 1.2887 650.40 2916.55 1-month forward 3-months forward 6-months forward Chile peso Colombia peso Ecuador US dollar Mexico peso Peru new sol Uruguay peso o.001526 0.0003422 0.0537 0.3050 0.03294 o.0545 0.3049 0.03299 18.6066 3.2785 30.3600 18.3528 3.2795 30.310O 0.1000996 0.10014972 9.9901 9.9851 Venezuela bolivar Asia-Pacific Australian dollar China vuan Hong Kong dollar India rupee Indonesia rupiah Japan yen 1.3103 6.6818 7.7543 66.84320 13037 105.35 0.0094918 104.90991 105.35397 o.0095320 0.00949235 104.90980105.34796 o.0095320 o.00949237 104.90961 105.34777 339.33 0.7575 0.1494 0.1290 o.01489 o.0000763 0.00953 0.0095320 o.7632 0.1497 0.1290 o.01496 o.0000767 0.00949 1.3201 6.6924 7.7546 67.14050 13110 104.91 1-month forward 3-months forward 6-months forward Kazakhstan tenge 0.00295 0.00295 339.27

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