GETTING STARTEDOpen the file NP_EX16_1a_FirstLastName_1.xlsx, available for download from the SAM website.Save the file as NP_EX16_1a_FirstLastName_2.xlsx by changing the “1” to a “2”.If you do not see the .xlsx file extension in the Save As dialog box, do not type it. The program will add the file extension for you automatically.With the file NP_EX16_1a_FirstLastName_2.xlsx still open, ensure that your first and last name is displayed in cell B6 of the Documentation sheet. If cell B6 does not display your name, delete the file and download a new copy from the SAM website.PROJECT STEPSKatie works for the Human Resources Department at Pepito’s Supermarkets and uses Excel to calculate the company’s payroll expenses and profits. She is currently finalizing the Profit and Payroll worksheets to close out the week’s figures.Adjust the width of column A using AutoFit.Change the width of column D to 12.00.Enter the values shown in Table 1 below into the corresponding cells in the range B12:C14.In cell D6, type ML3583. Select the range D5:D14, and then use the Flash Fill button (in the Editing group on the Home tab) to automatically enter codes into the remaining cells in the range. (Hint: You must use the Flash Fill button to properly receive credit for this step.) [Mac Hint: Flash Fill is not available on Excel 2016 for the Mac, so refer to the Final Figures to enter the correct values.]Select cell A15, and then enter the word Total. Remove cell borders from the range A15:B15 using the No Border border format.In cell B15, create a formula using the SUM function to total the data in the range B5:B14.In cell B17, create a formula using the COUNT function to determine the number of people employed by Pepito’s Supermarkets by counting the values in the range B5:B14.Switch to the Profit worksheet. Change the orientation of the Profit worksheet to Landscape. In cell A2, change the cell content to Profit - March 1-7, 2018 (instead of just reading “March 1-7, 2018”).Select the range A4:E4 and the nonadjacent cell G8, and then increase the font size of the cells to 12 pt.To better display the content, manually change the height of row 3 to 18.00. (Hint: Do not use AutoFit.)In cell B7, enter a formula without using a function to determine the profit generated at the Downtown location by subtracting the store’s expenses (cell B6) from the store’s sales (cell B5) for the week of March 1-7, 2018. Copy the formula you created in cell B7 to the range C7:D7.After determining the total profits generated by each store, Katie is now interested in calculating the total sales, expenses, and profits for the company. Select the range E5:E7, and then apply AutoSum to calculate the totals for these categories across all three stores.Katie edited the worksheet after March 8, 2018, making the content in cell A11 unnecessary. Click on cell A11 and clear its contents.Apply the wrap text formatting to cell G8.Adjust the Zoom level of the Profit worksheet to 130%.After reviewing the Profit and Payroll worksheets, Katie typically generates some additional data for accounting. To create a placeholder worksheet for this data, insert a new worksheet in the workbook, rename the worksheet Accounting, and if necessary, move the new worksheet after the Profit worksheet.On the Payroll worksheet, cut the contents of the range B1:B2 and paste them into the range A1:A2.Table 1: Data for the Range B12:C14 B C 12 321.68 7/9/1990 13 427.67 6/9/1982 14 526.34 5/8/1988 Your workbook should look like the Final Figures on the following pages. Save your changes, close the workbook, and then exit Excel. Follow the directions on the SAM website to submit your completed project.

For 1 and 2, the information is available at almost all Investment and Financial websites. Research and find an appropriate graph for the current yield curve (U.S Government Bonds). Copy and paste the yield curve (or print the page). Briefly analyze what the markets are predicting for future short term interest rates based on the yield curve. Find an appropriate graph for the USD EUR exchange rate. Compare graphically the exchange rates between the two currencies between the period mid 2007 – mid 2010, and between the period mid 2010 – mid 2017. Briefly explain. Hedging using forward rates: Assume the spot rate on Friday between the USD and GBP was 1.6187 USD per GBP. Suppose you are purchasing 200000 GBP worth of Scotch Whisky deliverable (product and payment) in 3 months with the contract set up between you and your supplier on Friday. How much is that shipment worth in USD. Assume that you want to hedge against exchange rate risk, and go to the bank on Friday. The financial specialist at the bank gives you the official 3 month forward rate at 1.6175 USD per GBP. What does that imply for your payment to the bank in 3 months to get the 200000 GBP? Assume the spot rate on Friday between the JPY and USD was 101.25 JPY per USD. Suppose you are purchasing 2000000 JPY worth of microprocessors deliverable (product and payment) in 3 months with the contract set up between you and your supplier on Friday. How much is that shipment worth in USD. Assume that you want to hedge against exchange rate risk, and go to the bank on Friday. The financial specialist at the bank gives you the official 3 month forward rate at 101.18 JPY per USD. What does that imply for your payment to the bank in 3 months?