Bonjoly Watch Imports has agreed to purchase 20,000 Swiss watches for 1 million francs at today's po 1.18 U.S. Dollar/Swiss Franc Swiss Franc/U.S. Dollar 0.6010 Spot 1.6640 1.6500 30-day forward 90-day forward 180-day forward 1.6450 16390 On the same day, Desreumaux agrees to purchase 20,000 more watches in 3 months at the same price of 1 millen Swiss francs is the cost of the watches in US dollars, purchased at today's spot rate? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the der $ What is the cost i 0.6079 0.6101 the second 20,000 batch if payment is made in 90 days and the spot rate at that time equals today's 90-day forward rate? Werte out your answer completely for example, 1,000,000 Round your answer $ If the exchange rate is 0.45 Swiss francs per dollar in 30 days, how much will Desreum 5,000,000 Round your answer to the nearest

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It is the possibility that the value of a currency will fluctuate in the future. In the wake of globalization, business establishments have increasingly ventured into international markets. The volume of international trade has prospered excellently in the near past and is expected to be more affluent in the future. The use of exchange-traded derivative financial instruments has been multi-folded to provide for the requirements of various MNCs and offshore potential investors. Most banks and financial institutions have helped integrate the global economies. Our Government has introduced some bold and extreme measures to fulfil the purpose behind the fiscal, industrial, and monetary policies. The enactment of GST is a huge step towards streamlining the taxation system of the country. Owing to Covid-19, this aspect of corporate risk management has become critical.