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Trebble, Inc. is a U.S.-based MNC that will need 2 million euros in 90 days to purchase European imports. Therefore, Trebble purchases a forward contract

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Trebble, Inc. is a U.S.-based MNC that will need 2 million euros in 90 days to purchase European imports. Therefore, Trebble purchases a forward contract at a forward rate of $1.05. If the spot rate of the euro in 90 days is $1.07. Trebble will pay $ for the euros and incur an opportunity cost. 2,100,000; does not 2,100,000; does 2,000,000; does not 2,000,000; does O None of the above

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