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Question 4 (1 point) A production company expects to receive a MXN16 million theatrical fee in pesos from Mexico in 90 days. The current spot

Question 4 (1 point) A production company expects to receive a MXN16 million theatrical fee in pesos from Mexico in 90 days. The current spot rate is USD0.0406/MXN and the 90-day forward rate is USD0.0529/MXN. What is the hedged value of this fee measured in dollars? Round your answer to the nearest whole number. For example, if your answer is one million, enter 1000000. Your

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