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Chubb Corp exported new products to France and has receivables. Use the following information for Chubb Corp to calculate how much it will receive in
Chubb Corp exported new products to France and has receivables. Use the following information for Chubb Corp to calculate how much it will receive in U.S dollars from its exports using a forward contract. About Euro 920,315.98 will be received in one-year. Assume that the one-year interest rates are 9% and 3% in the U.S. and France respectively. Further, while the spot rate and one-year forward rate for Euro are $1.30390 and $1.37634. $1,254,00 1.01 $1,379,401.11 $1,266,667.69 none of the answers is correct $1,241,461.00
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