Question 4 You are given the following information about currency rates for pound sterling spot and forward. Currency Spot IMonth Forward 3 Month Forward US (USD) Canada (CAD) Kenya (KES) 0.32 0.27c pm 0.30 0.20c pm 2/8 - 17/8 c pm 1.5200 1.5210 0.89 - 0.84c pm 0.90 0.80c pm 1.8630 1.8640 6 % - 6 c pm 24.05 %- 28.06 Tanzania (TZS) 45 55c dis 2072.20 2079.30 10- 20c dis Required: Calculate the cost or value in pounds to a customer who wishes to: i. buy USD 1400 one month forward from his bank ii. buy TZS 75,000 three months forward iii. sell KES 28,000 one month forward iv. sell CAD 6,000 one month forward