Blossom has purchased industrial parts from a German company for a total cost of 907,000. The firm has 30 days to pay. A bank has given Blossom a 30-day forward quote of $1.3320/. Assume that on the day the payment is due, the spot rate is $1.3620/. How much would Blossom have saved by hedging with a forward contract? (Do not round intermediate calculations. Round answer to O decimal places, e.g. 1,525.) Cost savings $

Blossom has purchased industrial parts from a German company for a total cost of 6907,000 . The firm has 30 days to pay. A bank has given Blossom a 30-day forward quote of $1.3320/. Assume that on the day the payment is due, the spot rate is $1.3620/. How much would Blossom have saved by hedging with a forward contract? (Do not round intermediate calculations. Round answer to O decimal places, es, 1,525) Cost savings $