Problem 4: What is the size of a difference check on a 1-Year short forward GBP contract given that the yUSD /GBP size of the contract is GBP 500,000; the amount of the contract is USD 625,000; and X = 1.20? Problem 5: Assume that rEUR 7% and ruSD = 4%. What is the 1-Year synthetic forward rate, given that XUSD/EUR 1.18? Problem 6: Today's GBP/USD spot rate is, XSD/GBP = 1.28. Assume that rGBP = 6% and rUSD = 4%, if the 1-Year USD/GBP forward rate is FSD/GP = 1.28, according to the Covered Interest Rate parity (CIRP), is the GBP underpriced/overpriced in the actual forward contract? Problem 4: What is the size of a difference check on a 1-Year short forward GBP contract given that the yUSD /GBP size of the contract is GBP 500,000; the amount of the contract is USD 625,000; and X = 1.20? Problem 5: Assume that rEUR 7% and ruSD = 4%. What is the 1-Year synthetic forward rate, given that XUSD/EUR 1.18? Problem 6: Today's GBP/USD spot rate is, XSD/GBP = 1.28. Assume that rGBP = 6% and rUSD = 4%, if the 1-Year USD/GBP forward rate is FSD/GP = 1.28, according to the Covered Interest Rate parity (CIRP), is the GBP underpriced/overpriced in the actual forward contract