2. Intel has a receivable due in three months in the amount of530000. The current bid-ask quotes for the spot exchange rate are1.701.80 $/ and for the three month forward rate are 1.801.83$/. Three-month U.K. and U.S. interest rates are respectively6.00% 7.50% and 8.00% 8.50 % per annum compounded quarterly.Three months later the British Pound is quoted at 1.501.60$/.