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A German company buys Gibson guitars at the price of $1000 per guitar. The order is for 30 guitars. The German company buys a forward

A German company buys Gibson guitars at the price of $1000 per guitar. The order is for 30 guitars. The German company buys a forward contract from a German Bank for the total cost of the shipment at the exchange rate of 1.2 USD = 1 Euro. What is the price of the contract if the bank charges the German company 0.1 Euro for every dollar they want to convert?

1) 3000 euros

2) 300 euros

3) 1200 euros

4) 880 euros

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