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A US based company has 100,000 euros payable in 30 days. The forward rate in dollars per euro is quoted as follows. 1.12 (bid) -

A US based company has 100,000 euros payable in 30 days. The forward rate in dollars per euro is quoted as follows. 1.12 (bid) - 1.14 (ask). If the exposure is hedged with a forward contract what is the dollar amount that will be paid in after 30 days?

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