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Starbucks Inc. has Japanese yen 10 million receivables due in 30 days and the company has the following information about the forward rates quoted in

Starbucks Inc. has Japanese yen 10 million receivables due in 30 days and the company has the following information about the forward rates quoted in the Bank of America. What will be the dollar amount for the 10 million yen receivables if the company uses the forward market for hedging? Bank of America Forward rates (Japanese yen) $0.091 million $0.095 million $0.093 million $0.092 million

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