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Simpson Sign Company based in Frostbite Falls, Minnesota has a 6-month 3,567,800 Ruble contract to complete sign work in St. Petersburg, Russia. The current spot
Simpson Sign Company based in Frostbite Falls, Minnesota has a 6-month 3,567,800 Ruble contract to complete sign work in St. Petersburg, Russia. The current spot rate is 35.678 Rubles/$ and the forward rate is 37.483 Rubles/$. Under conditions of equilibrium, management would use today ________ when preparing operating budgets. Please show calculation.
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