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A U.S. firm has a payable of 122,000 in one year. Forward rate quotes are $265/ bid and $270/ ask. If the U.S. firm hedges

A U.S. firm has a payable of 122,000 in one year. Forward rate quotes are $265/ bid and $270/ ask. If the U.S. firm hedges with a forward, what is the guaranteed amount of USD the U.S. firm will expend on the payable?

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