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A U.S. firm exports products to a German firm and will receivepayment of ?200,000 in three months. On June 1, the spot rate ofthe euro
A U.S. firm exports products to a German firm and will receivepayment of â?¬200,000 in three months. On June 1, the spot rate ofthe euro was $1.12, and the 3-month forward rate was $1.00. On June1, 1 answer
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