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On July 15, 2016, you convert 640,000 US. dollars to Japanese yen in the spot foreign exchange market and purchase a 5ix-month forward contract to
On July 15, 2016, you convert 640,000 US. dollars to Japanese yen in the spot foreign exchange market and purchase a 5ix-month forward contract to convert yen into dollars How much will your recelve in US dollars at the end of six months? Use the data in Iable Q-1 for this problem: (Round your answer to 2 decimal places. (e.g., 32.16))
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