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Assume you are a US exporter with an account receivable denominated in Singapore dollars to be paid to you in one year, in the amount

  1. Assume you are a US exporter with an account receivable denominated in Singapore dollars to be paid to you in one year, in the amount of SGD 762,717. The current spot rate is 0.71 and the forward rate is 0.75, in number of USD for one SGD. What would be the US dollar amount of the hedged receivable using a forward market hedge? SHOW YOUR WORK.

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