Question
On July 15, 2022, you convert 480,000 U.S. dollars to Japanese yen in the spot foreign exchange market at the spot rate of 104.91/$ and
On July 15, 2022, you convert 480,000 U.S. dollars to Japanese yen in the spot foreign exchange market at the spot rate of 104.91/$ and purchase a six-month forward contract to convert yen into dollars at the forward rate of $0.0095320/. How much will you receive in U.S. dollars at the end of six months?
| $497,668 | ||
| $502,388 | ||
| $458,773 | ||
| $480,001 |
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Production And Operations Analysis
Authors: Steven Nahmias, Tava Lennon Olsen
7th Edition
1478623063, 9781478623069
