1. Determine the value that the company will receive, in terms of millions of dollars.

2.

Your company will receive 25 million in 1 year from a German customer. You observe the following data. Use this information for the next four questions. Assume the Euro strengthens to $1.30:1.00. What were the net proceeds from the receivable, adjusting for any hedging costs from the prior question. Answer in terms of millions of dollars