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Please help with a-e and provide explanations Question #1 Suppose that you are a US. importer of Persian rugs from Iran. You have signed a

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Please help with a-e and provide explanations

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Question #1 Suppose that you are a US. importer of Persian rugs from Iran. You have signed a contract to import 10 rugs at a total price of 1,000,000 Iranian rials on 07/27/2021 (3 months in the future from today). You will pay in Iranian rials when the shipment arrives on 07/27/2021. Assume that, as of today, the current spot rate is 10,000 rials per 1 US. dollar and the current 3-month forward rate is 9,000 rials per 1 US. dollar. Answer the following

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