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Martin, Inc., a U.S. company, will receive C$900,000 in 60 days. The 60-day forward rate in the Canadian dollar is $.80. The spot rate in
Martin, Inc., a U.S. company, will receive C$900,000 in 60 days. The 60-day forward rate in the Canadian dollar is $.80. The spot rate in 60 days is $.78. The company has decided to use a forward hedge.
(1) Calculate the amount the company will receive
(2) When will the company receive it?
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