(Answered) Pat has a small company is engaged in exporting products to

Engineering

Pat has a small company is engaged in exporting products to America and it based in AU. Now you are the customer of AB Bank which has given the following quotes between US dollar and AU dollar. For Spot: BID price is 0.7346USD to 1 AUD; Ask price 0.7348USD equal 1AUD. for 3 month forward: BID is 0.7349 USD=1AUD and ask price is 0.7352USD=1AUD. 6 month forward for BID is 0.7353USD=1AUD and 0.7357USD=1AUD for ask price. Pat order some products from America supplier and need to buy 100,000USD in three month and Pat need how many AUD?

Then Pat get one million USD in six months and how many AUD that Pat will get in 6 months?

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