correct answer is there. just need help on calculations 17) A U.S. importer...

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correct answer is there. just need help on calculations
17) A U.S. importer has to pay Euros 400,000 in 1-year. The importer decides to hedge foreign exchange risk using a 100% long Euros forward contract hedge. The importer has been quoted a 1-year forward rate of $1.12 /Euros. If the spot rate in 1 year turned out to be $1.25 /Euros, how much U.S. dollars would be needed to payoff the Euros payable? Ans: $448,000 18) A U.S. importer has to pay Euros 400,000 in 1-year. The importer decides to hedge foreign exchange risk using a 100% long Euros forward contract hedge. The importer has been quoted a 1-year forward rate of $1.12 /Euros. If the spot rate in 1 year turned out to be $1.05 /Euros, how much U.S. dollars would be needed to payoff the Euros payable? Ans: $448,000 19) A U.S. importer has to pay Euros 400,000 in 1-year. The importer decides to hedge foreign exchange risk using a 50% long Euros forward contract hedge. The importer has been quoted a 1-year forward rate of $1.12 /Euros. If the spot rate in 1 year turned out to be $1.25 /Euros, how much U.S. dollars would be needed to payoff the Euros payable? Ans: $474,000 20) A U.S. importer has to pay Euros 400,000 in 1-year. The importer decides to hedge foreign exchange risk using a 50% long Euros forward contract hedge. The importer has been quoted a 1-year forward rate of $1.12 /Euros. If the spot rate in 1 year turned out to be $1.05 /Euros, how much U.S. dollars would be needed to payoff the Euros payable? Ans: $434,000

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