Question 2 (1 point) Listen On November 1, 20x8, Perry Co. purchased 100,000 FCU of inventory. Payment is due January 31, 20x9. In order to hedge the foreign purchase, Perry Co. also entered in to a forward contract on November 1, 20x8 to purchase 100,000 FCU on January 31, 20x9. Perry Co. has a December 31st year-end. The spot rates during this period were as follows: Date November

1,20\times 8

December

15,20\times 8

December

31,20x8

January

31,20\times 9

Spot rate

$1.28C$=1FCU

$1.33C$=1FCU

$1.42C$=1FCU

$1.38C$=1FCU

Forward rates for settlement on January

31,20\times 9

during this period were as follows: Date November 1, 20x8 December

15,20\times 8

December

31,20x8

Forward rate

$1.30C$=1FCU

$1.35C$=1FCU

$1.44C$=1FCU

On December

31,20\times 8

, at what value will the inventory be recorded on Perry Co.s balance sheet? Your Answer: Answer Activate Go to