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Palermo, Corp, sold equipment to a French firm. Payment of 4,275,000 will be due in 90 days. Palermo has the option of selling the euros

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Palermo, Corp, sold equipment to a French firm. Payment of 4,275,000 will be due in 90 days. Palermo has the option of selling the euros at a 90 -day forward rate of $1.5922/. If it waits 90 days to sell the euros, the expected spot rate is $1.5645/. How much dollar revenue will Palermo lose by not selling the euros forward? $131,278$159,023$124,687$118,418

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