It is complete. It is a multiple choice question.

As the currency risk manager of IBM, you are trying to figure out the dollar value of an account receivable (AR) of GBP5 million, due in 1-yr from now. The FX trader from the State Street offered the following quotes: Spot: $1.5815-30 and 1- yr forward points: 19-17 (bid-ask). What is the dollar value of the AR hedged with a forward contract? $7,907,500 $7,906,500 $7,898,000 $7,915,000 As the currency risk manager of IBM, you are trying to figure out the dollar value of an account receivable (AR) of GBP5 million, due in 1-yr from now. The FX trader from the State Street offered the following quotes: Spot: $1.5815-30 and 1- yr forward points: 19-17 (bid-ask). What is the dollar value of the AR hedged with a forward contract? $7,907,500 $7,906,500 $7,898,000 $7,915,000