Question
On May 6, 2013, the treasurer of a corporation enters into a long forward contract to buy 1 million in six months at an exchange
On May 6, 2013, the treasurer of a corporation enters into a long forward contract to buy 1 million in six months at an exchange rate of 1.5532
This obligates the corporation to pay $1,553,200 for 1 million on November 6, 2013
What are the possible outcomes?
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
