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a us company will need 1 million polish zloty in two years to purchase imports. the company uses forward contacts to hedge its payables ,

a us company will need 1 million polish zloty in two years to purchase imports. the company uses forward contacts to hedge its payables , under the following assumptions, how many dollars will the company need in two years? Assume that the interest rate parity holds , the spot rate of the polish zloty is $0.30 cents, and the 2 year annualised interest rate in the US is 5 precent whereas the 2 year annualised interest rate in Poland is 11 per cent.

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