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A German company expects to receive a payment of $ 5 , 0 0 0 , 0 0 0 from a U . S .

A German company expects to receive a payment of $5,000,000 from a U.S. customer in 270 days. The current spot rate is $1.15=1. If the euro appreciates to $1.19=1 against the dollar over the next 270 days, what is the FX transaction exposure, i.e., gain or loss, for the German company?
A.173,913 gain
B.146,145 loss
C.160,200 gain
D.160,200 loss

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