Spot and Forward Rates

Boisjoly Watch Imports has agreed to purchase 14,000 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 rates:

	U.S. Dollar/Franc	Franc/U.S. Dollar
Spot	1.6600	0.6024
30-day forward	1.6530	0.6050
90-day forward	1.6410	0.6094
180-day forward	1.6380	0.6105

On the same day, Desreumaux agrees to purchase 14,000 more watches in 3 months at the same price of 1 million Swiss francs.

What is the price of the watches, in U.S. dollars, if purchased at today's spot rate? Round your answer to the nearest dollar. $

What is the cost, in dollars, of the second 14,000 batch if payment is made in 90 days and the spot rate at that time equals today's 90-day forward rate? Round your answer to the nearest dollar. $

If the exchange rate for is 0.45 Swiss francs per dollar in 90 days, how much will Desreumaux have to pay (in dollars) for the watches? Round your answer to the nearest dollar. $