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show work please Nova Company ordered raw material from Cambodia on July 1st and agreed to pay 800 million Cambodian Riel for this order on

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show work please

Nova Company ordered raw material from Cambodia on July 1st and agreed to pay 800 million Cambodian Riel for this order on December 1st. It negotiated a 5-month forward contract to obtain 300 million Cambodian Riel on that date at $0.00024 per Cambodian Riel. On September 1st, the Cambodian firm informed Nova Company that it won't be able to fulfill that order. The Cambodian Riel on September 1st is $0.00026 and 3-month forward rate exhibits 5% discount. To offset its existing contract Nova Company will negotiate a forward contract to ___ for the date of December 1st and the profit/loss generated from this transaction is a buy Cambodian Riel; loss of $5,600. buy Cambodian Riel; gain of $5,600. sell Cambodian Riel; loss of $5,600. sell Cambodian Riel; gain of $5,600

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