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A US. firm is expecting to pay cash flows of 15 million Egyptian pounds and 25 million Qatar rials The current spot exchange rates are:
A US. firm is expecting to pay cash flows of 15 million Egyptian pounds and 25 million Qatar rials The current spot exchange rates are: $1=5.25 pounds and $1=3.75 rials. If these cash flows are delayed one year and the expected spot rates at that time Will be $1=5.62 pounds and $1=4.00 rials, then what is the difference in dollars poid that was caused by the delay? Mutiple choice 5068 mililian 50.84 million $108 million
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