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Yompany expects to receive 10 miltion Japanese yen 90 days from now. You decide to wwyur sition by selling Japanese yen forward. The current spot

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Yompany expects to receive 10 miltion Japanese yen 90 days from now. You decide to wwyur sition by selling Japanese yen forward. The current spot rate of the yen i ou expect the spot rate in 90 days to be 5.008 Hew maiy dollars will you receive for the 10 million yen 90 days from now (10 points 2. Tacoma Co. anticipates that it will need Australian S in March when it orders suppliers from a Australian supplier. On 1/10, Tacoma Co. purchases a futures specifying Australian S 2 million and a settlement date 3/19 at the price of $0.61 per Australian S. On 2/19, Tacoma realizes that it will not need to order supplies because it has reduced its production levels. It sells a futures contract on Australian $ 2 million with a 3/19 settlement date at the rate of S0.59 per Australian S to offset the contract it purchased on 1/10. How much does Tacoma gain or lose (10 points)

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