On March 13, 2020, you convert 570,000 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 in US dollars at the end of six months TABLE 9-1 Foreign Currency Exchange Rates Exchange Rates: New York Closing Snapshot Friday, March 13, 2020 US.-dollar foreign-exchange rates in late New York trading Country/Currency IN US$ PER US$ Fri Thurs Fri Thurs Americas Argentina peso 0.0159 0.0159 62.90 62.70 Brazil real 0.2058 0.2086 4.8595 4.7941 Canada dollar 0.7243 0.7181 1.3807 1.3926 1-month forward 0.7148 0.7209 1.3990 1.3872 3-month forward 0.7149 0.7210 1.3988 1.3870 6-month forward 0.7151 0.7211 1.3984 1.3868 Chile peso 0.001192 0.001176 839.00 850.60 Colombia peso 0.000249 0.000248 4023.01 4028,00 Ecuador US dollar 1.0000 1.0000 1.0000 1.0000 Mexico peso 0.0456 0.0456 21.9168 21.9202 Uruguay peso 0.02304 0.02314 43.41 43.21 Asia-Pacific Australian dollar 0.6193 0.6237 1.6147 1.6033 0.1427 0.1423 7.0082 7.0296 Hong Kong dollar 0.1287 0.1286 7.7695 7.7773 India rupee 0.01354 0.01341 73.84 74.576 Indonesia rupiah 0.0000677 0.0000689 14770 14522 Japan yen 0.00926 0.00956 107.98 104.63 1-month forward 0.00936 0.00948 106.88 105.49 3-month forward 0.00938 0.00950 106.58 105.22 6-month forward 0.00941 0.00953 106.24 104.91 Kazakhstan tenge 0.00246 0.0025 406.55 400.63 Macau pataca 0.1250438 0.1249375 7.9970 8.0040 Malaysia ringgit 0.2337 0.2341 4.2785 4.2725 New Zealand dollar 0.6068 0.6087 1.6480 1.6428 Pakistan rupee 0.00636 0.00628 157.15 159.25 Philippines peso 0.0196 0.0195 51.07 51.32 Singapore dollar 0.707 0.7091 1.4145 1.4102 South Korea won 0.0008252 0.0008256 1211.78 1211.21 Sri Lanka rupee 0.005423 0.0054684 1844 182.87 Taiwan dollar 0.03317 0.03313 30.14 30.18 China yuan Country/Currency IN US$ PER US$ Fri Thurs Fri Thurs Thailand baht 0.03138 0.03152 31.87 31.73 Vietnam dong 0.00004308 0.00004311 23211 23197 Europe Bulgaria lev 0.56567 0.57251 1.7680 1.7470 Croatia kuna 0.1466 0.1471 6.8234 6.799 Czech Rep. koruna 0.0422 0.04267 23.697 23.438 Denmark krone 0.1486 0.1497 6.7290 6.6812 Euro area euro 1.1104 1.1185 0.9006 0.8941 1-month forward 1.1090 1.1102 0.9017 0.9008 3-month forward 1.1120 1.1130 0.8993 0.8985 6-month forward 1.1150 1.1163 0.8969 0.8958 Hungary forint 0.00327675 0.00330557 305.18 302.52 Iceland Krona 0.007404 0.007492 135.07 133.48 Norway Krone 0.0994 0.0984 10.0583 10.1657 Poland zloty 0.2538 0.2555 3.9403 3.9142 Romania leu 0.2301 0.2318 4.3456 4.3140 Russia ruble 0.01377 0.01335 72.623 74.905 Sweden krona 0.103 0.1026 9.7050 9.7493 Switzerland franc 1.0521 1.0594 0.9505 0.9439 1-month forward 1.0502 1.0507 0.9522 0.9518 3-month forward 1.0536 1.0541 0.9491 0.9487 6-month forward 1.0576 1.0581 0.9455 0.9451 Turkey Lira 0.1579 0.1583 6.3337 6.3168 Ukraine hryvnia 0.0383 0.0387 26.1356 25.8563 U.K. pound 1.2284 1.2569 0.8141 0.7956 1-month forward 1.2415 1.2555 0.8055 0.7965 3-month forward 1.2425 1.2564 0.8048 027960 6-month forward 1.2428 1.2566 0.8046 0.7958 Middle East Africa Bahrain dinar 2.6489 2.6524 0.3775 0.3770 Egypt pound 0.0639 0.0637 15.7007 15.7011 Israel shekel 0.2728 0.2211 3.6662 3.6887 Kuwait dinar 3.2457 3.2608 0.3081 0.3067 Qatar rial 0.2754 0.2762 3.6312 3.6202 Saudia Arabia riyal 0.2664 002664 3.7533 3.7538 South Africa and 0.0614 0.0605 1662771 16.5405