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Question 2. Spot rate: Suppose a BMW 745i car is priced at $70,000 in New York and 52,000 in Berlin. In which place is the car more expensive if the spot rate is $1.30/? Question 3. Forward rate: GWC Corporation has contracted with an Indian technology firm for hardware products. The payment of 12,000,000 rupees (Rs) is due in 60 days. How much will the cost be in dollars if the 60-day forward rate is Rs 48.25/$ ? Question 4. Cross rate: Barney Bank has offered the following exchange rate quotes: 2121E and Korean won 12/%. What is the cross rate between the Korean won and the British pound? Question 5. Cross rate: Jensen Corporation observes the Swiss frane (SF) is currently quoted at 0.75/SF and the Sweden krona (SK) is quoted at 0.15/SK. What is the SK/SF cross rate