Which one is the correct answer please be sureHomework Answers
| Pounds | 200,000.00 | A | |
| Payable | days | 180 | B |
| Spot rate for pound | USD | 2.02 | C |
| 180 days forward rate | USD | 2.00 | D |
| British Interest rate | 5% | E | |
| British Interest rate for 180 days | 3% | F=E/360*180 | |
| US Interest rate | 4% | G | |
| US Interest rate for 180 days | 2% | H=G/360*180 | |
| Present Value of Pounds | 195,121.95 | I=A*F | |
| Pounds to USD | 394,146.34 | J=I*C | |
| Answer is $ 396,190 | |||
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