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A U.S. exporting firm, exports to a French firm and will receive payment of 4,500,000 EUR in four months. On August 1, the spot rate
A U.S. exporting firm, exports to a French firm and will receive payment of 4,500,000 EUR in four months. On August 1, the spot rate was EUR/USD 1.1885, and the 4-month forward rate was quoted at 37 points. On August 1, the U.S. firm negotiated a forward contract with a bank to sell 4,500,000 EUR forward in four months. The spot rate on December 1 is EUR/USD 1.1941. The U.S. firm will receive ____ USD for the EUR.
None of the other options are correct
5,348,250
5,373,450
5,364,900
5,331,600
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