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Question 1 Your company has a 1 million Euro receivable in one year. You decided to fully hedge with forward contracts. The one year forward

Question 1
Your company has a 1 million Euro receivable in one year. You decided to fully hedge with forward contracts.
The one year forward rate is 1.22 USD/EUR.
How much will you receive in USD in one year?
Note: provide your answers with four decimal points and in millions of USD. Please do the calculations in Excel and round up the results to four decimal points only at the end, once the calculations are completed.
Question 2
Your company has a 1 million Brazilian real (BRL) payable in one year. You decided to fully hedge with forward contracts.
The one year forward rate is 6 BRL/USD.
How much will you pay in USD in one year?
Note: provide your answers with four decimal points and in millions of USD. Please do the calculations in Excel and round up the results to four decimal points only at the end, once the calculations are completed.
Question 3
Your company will receive 1 million South African Rand (ZAR) in 3 months. You decided to fully hedge with forward contracts.
The 3-month forward rate is 15 ZAR/USD.
How much will you receive in USD in three months?
Note: provide your answers with four decimal points and in millions of USD. Please do the calculations in Excel and round up the results to four decimal points only at the end, once the calculations are completed.

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