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Bristash Inc., a US based corporation, expects to receive a EUR 589,000 payment in one year. The corporation will hedge this position by selling EUR

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Bristash Inc., a US based corporation, expects to receive a EUR 589,000 payment in one year. The corporation will hedge this position by selling EUR 589,000 one year forward at a forward rate of \$1.21/EUR. Using this forward hedge, how much should the corporation receive in one year? Submit your final answer in dollars rounded to two decimal places (Ex. $0.00 )

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