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10 Apple just signed a contract to sell phones Italian businessman. The businessman will be billed 30 million which is payable in one year. The
10 Apple just signed a contract to sell phones Italian businessman. The businessman will be billed 30 million which is payable in one year. The current spot exchange rate is $115/ and the one-year forward rate is $1.20/. The annual interest rate is 4.0% in the U.S. and 3.0% in Italy. Apple is concerned with the volatile exchange rate between the dollar and the euro and would like to hedge exchange exposure IN the case of forward hedge, the future dollar proceeds will be equal to? 01:58S Multiple Choice $36500000 $36000000 o $38000000 0 $39000000
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