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Save Save Quick Print As Print Common fx Print Undo Redo Encrypt with Document Preview Password Properties B Info D A Canadian company has

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Save Save Quick Print As Print Common fx Print Undo Redo Encrypt with Document Preview Password Properties B Info D A Canadian company has entered into a contract to deliver, in 6 months time, some custom machinery to a customer in France. You collect the following information: Value of the receivable in Euros Current spot rate 6-month Forward contract rate Short term investing rates in Canada Short term borrowing rates in France Required (round all to the nearest dollar): If the company hedges the risk by arranging a forward contract with its bank, how much will it receive at the time the receivable is collected? forward 1,320,000.00 0.7356 euro = $1 CAD 0.7639 euro = $1 CAD 2.80% 4.40%

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