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Intel is scheduled to receive 1,000,000 in 90 days. The spot rate is 106 and the dollar expected to strengthen by 1% over the next
Intel is scheduled to receive 1,000,000 in 90 days. The spot rate is 106 and the dollar expected to strengthen by 1% over the next 90 days. The 90 day forward rate (bid and asked) is quoted as 105.15-105.25. What is the revenue in dollars if the expected receipt of yen is fully hedged with a forward contract. Round the answer to the nearest dollar and report it with out the $ sign
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