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Giffen Forest Products has bought lumber from the British company Bulldog Builders, with payment due six months from today. The payment due is 360,000. The
Giffen Forest Products has bought lumber from the British company Bulldog Builders, with payment due six months from today. The payment due is 360,000. The Canadian dollar and British pound rate is 1.5920 and the six-month C$/ forward rate is 1.6180. Hedge this liability with a forward contract. a. How much will Giffen Forest Products pay in six months in Canadian dollars? (Round the final answer to the nearest whole dollar.Do not enter the comma or the dollar sign in the answer box)
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