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A business expects the following cash flows: 1. Receipt of US$10,000 now months time 2. Payment of 5,200 now months time. Exchanges rate K per
A business expects the following cash flows: 1. Receipt of US$10,000 now months time 2. Payment of 5,200 now months time. Exchanges rate K per $ and K per are as follows: K per $ K per Spot rate 21.902 22.550 26. 840 27.180 2 months forward 22.540 22.900 27.150 27.350 Required: Determine the kwacha equivalent amounts of the above cash flows if conversion takes place now
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