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Peter, a French exporter is to receive DM 2 million in 6 months' time from a German firm The exchange rate is given below: Required:

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Peter, a French exporter is to receive DM 2 million in 6 months' time from a German firm The exchange rate is given below: Required: Calculate gain/loss in case the DM depreciates in the near future Step 1: If he were to receive the money today, how much would he receive? Use the spot rate: FF 3.3974 DM 1DM=FF3.3974

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