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A production company expects to receive a MXN14 million theatrical fee in pesos from Mexico in 90 days. The current spot rate is USD0.0443/MXN and
A production company expects to receive a MXN14 million theatrical fee in pesos from Mexico in 90 days. The current spot rate is USD0.0443/MXN and the 90-day forward rate is USDO.0536/MXN. What is the peso transaction exposure associated with this fee measured in dollars? Round your answer to the nearest whole number. For example, if your answer is one million, enter 1000000 Your
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