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Forward Rate: GWC Corporation has contracted with an Indian technology firm for hardware products. The payment os 12,000,000 rupees (Rs.) is due in 60 days.

Forward Rate: GWC Corporation has contracted with an Indian technology firm for hardware products. The payment os 12,000,000 rupees (Rs.) is due in 60 days. How much will the cost be in dollars if the 60 day forward rate is Rs. 48.25/$ ?

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