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On July 15. 2021, you convert 500,000 US dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward controct to
On July 15. 2021, you convert 500,000 US dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward controct to corvertyen into dottars, How much witl youreceive in US dolfars at the end of six months? ispot exchange-rate is 106.23 yen pe: dollar, six-month forward rate is \$0.0095520\%4) (Do not round intermediate calculations. input your final answer as a dollar amount rounded to two decimals le. 5123,45678 ) Numeric Besponse
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