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You are given the following information for the spot and one month forward and 3 months forward. spot 1 month forward 3 month forwad

You are given the following information for the £ spot and one month forward and 3 months forward.

spot

1 month forward

3 month forwad

US (dollars)

1.5200-1.5210

0.32-0.27 cpm

0.89-0.84 cpm

Canadian (dollar)

1.8630-1.8640

0.30-0.20 cpm

0.90-0.80 cpm

Netherland (Guilders)

4.05 1 – 4.06 1

2 3 - 1 7 cpm

6 3 - 6 1 cpm

4 4

8 8

4 4

Belgiam (frank)

72.20 - 72.30

10 - 20 cdis

45 - 55 cdis

Denmark (kronner)

13.01 - 13.02

4.4 - 5 5 cdis

18 3 - 19 3 cdis

8

8 4

Germany ( DM)

3.061 - 3.071

2-1 1 cpm

51 - 5 cpm

2 2

2

2

REQUIRED

Calculate the cost or value in £ to a customer who wished to

a) buy US$ 14,000 one month forward

b) buy C$25,000 Spot

c) buy BF 75,000 3 months forward

d) sell guilders 28,000 1 months forward

e) Sell K 20,000 3 months forward

f) Sell DM 6,000 1 month forward

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