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Cincinnati Financial Corp exported new products to Japan and has receivables. Use the following information for Cincinnati Financial Corp to calculate how much it will

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Cincinnati Financial Corp exported new products to Japan and has receivables. Use the following information for Cincinnati Financial Corp to calculate how much it will receive in US dollars from its exports using a forward contract. About Japanese yen 150,000,000.00 will be received in one-year. Assume that the one-year interest rates are 8% and 4% in the U.S. and Japan respectively. Further, while the spot rate and one-year forward rate for Japanese yen are $0.00800 and $0.00844. O $1,240,806.60 $1,266,000.00 $1,253,340.00 $1,378,674.00 none of the answers is correct

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