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On July 15, 2XX6, you convert 690,000 U.S. dollars to Japanese yen in the spot foreign exchange market (104.91/$) and purchase a six-month forward contract
On July 15, 2XX6, you convert 690,000 U.S. dollars to Japanese yen in the spot foreign exchange market (104.91/$) and purchase a six-month forward contract ($0.0095320/1) to convert yen into dollars. How much will you receive in U.S. dollars at the end of six months? (Round your answer to 2 decimal places. (e.g., 32.16))
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