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On July 15, 2016, you convert 650.000 US dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward contract to

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On July 15, 2016, you convert 650.000 US dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward contract to convert yen into dollars. How much will you receive in US dollars at the end of six months? Use the data in Table 9-1 for this problem (Round your answer to 2 decimal places. (e.9. 32.16) Amount that you will receive n US dollars at the end of six months 0.00953 104.91 105-35 Japan yen 1-month forward 0.00949 0.0094918 0.0095320 104.90991 0.00949235 104.90980 3-months forward 6-months forward 0.0095320 0.0095320 105-35397 105-34796 105-34777 0.00949237 104.90961

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