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Q7. (10 points) Dawg-Grip, Inc., of Georgia just purchased a Korean company that produces plastic nuts and bolts for automobile manufacturers. The purchase price was

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Q7. (10 points) Dawg-Grip, Inc., of Georgia just purchased a Korean company that produces plastic nuts and bolts for automobile manufacturers. The purchase price was Won 7,030 million. Won 1,000 million has already been paid, and the remaining Won 6,030 million is due in six months. The current spot rate is Won 1,200/s, and the 6 - month forward rate is Won 1,260/\$. Additional data

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