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Please use excel and show the steps you used to get the answer, thank you. Question 3. Forward rate: GWC Corporation has contracted with an

image text in transcribed Please use excel and show the steps you used to get the answer, thank you.

Question 3. Forward rate: GWC Corporation has contracted with an Indian technology firm for hardware products. The payment of 10,000,000 rupees (Rs.) is due in 60 days. How much will the cost be in dollars if the 60-day forward rate is Rs.50.12/$

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