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Titan Co. is a U.S.-based MNC that will receive 200,000 Swiss francs (SF) in six months. It could obtain a forward contract to sell SF200,000

Titan Co. is a U.S.-based MNC that will receive 200,000 Swiss francs (SF) in six months. It could obtain a forward contract to sell SF200,000 in six months. The six-month forward rate is $.71, the same rate as currency futures contracts on Swiss francs. If Titan sells Swiss francs six months forward, it can estimate the amount of dollars to be received in six months to be:

a-$258,000

b- $142,000

c- $58,000

d- $200,000

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