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GM will receive EUR 10 million from a customer in one month. One dollar is worth 0.80 in the forward exchange market (that is, F1(EUR/USD)

GM will receive EUR 10 million from a customer in one month. One dollar is worth 0.80 in the forward exchange market (that is, F1(EUR/USD) = EUR 0.80/USD). Based on the forward rate, GM expects to receive USD 8 million.

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