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help please !! Giffen Forest Products has sold lumber to the British company Bulldog Builders, with payment due six months from today. The payment due
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Giffen Forest Products has sold lumber to the British company Bulldog Builders, with payment due six months from today. The payment due is 145,000. The Canadian dollar and British pound rate is 1.5875 and the six-month C$/ forward rate is 1.5683. Hedge this liability with a forward contract. a. How much will Giffen Forest Products receive in six months in Canadian dollars? (Round the final answer to the nearest whole dollar.) Amount received in Canadian dollars $0 b. How much would they have to pay today? (Leave no cells blank - ensure that "O" is entered wherever required.) Payment required $ Step by Step Solution
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