On November 15 2022, BOST imported 500,000 barrels of Oil from Nigeria. BOST agreed to pay 50,000,000 Cedis on January 2023. To ensure that the dollar outlay for the purchase will not fluctuate, the company entered a forward contract to buy 50,000,000 Cedis on January 15 at the forward rate $0.269. Direct exchange rate on the various dates are as follows; Spot Rate Forward Rate

	Spot Rate	Forward Rate
		1/23 Delivery
November 15	$0.0239	$0.0269
December 31	$0.0224	$0.0254
January 15	$0.0291

Compute the following:

i. The dollars to be paid on January 15, 2023, to acquire the 50,000,000 Cedis from the exchange dealer.

ii. The dollars that would have been paid to settle the account payable had BOST not hedged the purchased contract with the forward contract.

iii. The discount or premium on the forward contract.

iv. The transaction gain or loss on the exposed liability related to the oil purchase in 2022 and 2023.

v. The transaction gain or loss on the forward contract in 2022 and 2023.