Question
A US-based exporter anticipated receiving 100 million EURO in six months and took a long forward position, locking-in and exchange rate of $1.4/EURO. If six
A US-based exporter anticipated receiving 100 million EURO in six months and took a long forward position, locking-in and exchange rate of $1.4/EURO. If six months later at maturity, the exporter calculates that she has made a profit of $13 million from the currency forward contract, the spot exchange rate at maturity must be __. (Round your answer to TWO decimals.)
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Public Finance In Canada
Authors: Harvey S. Rosen, Wen, Snoddon
4th Canadian Edition
0070071837, 978-0070071834
