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4. Golden Apple, Inc., based in Washington, exports products to a French firm and will receive payment of 200,000 in three months. On June 1,

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4. Golden Apple, Inc., based in Washington, exports products to a French firm and will receive payment of 200,000 in three months. On June 1, the spot rate of the euro was $1.12, and the 3-month forward rate was $1.10. On June 1, Golden Apple negotiated a forward contract with a bank to sell 200,000 forward in three months. The spot rate of the euro on September 1 is $1.15. Golden Apple will receive how many dollars for the euros

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