Suppose you open the newspaper today and observe the following indeed exchange rate quotations for the Bnt.sh pound: Suppose you make a 550,000 sale to a British customer who has 60 days to pay you in cash. The customer will pay you in British pounds, but your company is based m the United States, so you are most concerned with the dollar value of the payment. If the customer pay* you 550,000 today, how much is that worth in dollars? $1,023,065 $818,452 $1,125,372 $869,605 Assume that the forward market is correct and the 60-day forward exchange rate quoted in the newspaper today is the spot exchange rate 60 days from now. If the customer waits the full 60 days and pays you 550,000. how much have you lost (in dollar terms) due to exchange rate fluctuations? $5,784 $7,145 $5,104 $6,805