Question
A U.S. company exports products to a German firm and will receive payment of 102,921 in one month. Today's spot rate of euro is $1.1069
A U.S. company exports products to a German firm and will receive payment of 102,921 in one month. Today's spot rate of euro is $1.1069 and the 1-month forward rate is $1.1079. The company enters the forward contract. One month later the spot rate of euro is $1.107. How many dollars will the company receive then? Answer format: Round to two decimals. Example :$1.12
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
8th Edition
0077261453, 978-0077261450
