Spot and Forward Rates Boisjoly Watch Imports has agreed to purchase 20,000 Swiss watches for 1 million francs at today's spot rate. The firm's financial manager, James Desreumaux, has noted the following current spot and forward retes: * What is the cost of the watches in U.S. daliars, if purchased at today's spot rate? Write out your answer completely, For example, 5 milion should be entered as 5,000,000. Round your answer to the nearest dollar: 5 b. What is the cost in dollars of the second 20,000 botch if payment is made in 90 days and the spot rate at that time equals tocol's 90 -day forward rate? Write out your answer completely. For example, 5 milhon should be entered as 5,000,000. Round your answer to the nearest dollar. 5 c. If the exchange rate is 0.45 Swiss francs per dollar in 90 days, how much will Desreumaux have to pay (in dollars) for the watches? Write out your answe? combietely. For example, 5 million should be entered as 5,000,000, Round your answer to the nearest dollar. 5