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Use the following information on the US. dollar value of the pound sterling to answer the guestion, On May 16, 2024, a U.5. company takes

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Use the following information on the US. dollar value of the pound sterling to answer the guestion, On May 16, 2024, a U.5. company takes delvery of 100,000 in merctundise feom a U.K. supplier. The compary wil pay the suppler 100,000 an August 16, On May 16 , the company aliso enters a forward contract to buy 6100,000 on Aupust 16, 2024. On August 16, the compary purchases 6100,000 using the forward contract and puys the supplur. The compurys's accountingyear ends june 30, and it retis the merchandise in September 2024. How mach in U.S dollars does the US company pay for the L 100.000 on Aught 16,20247 Seiect one. s. 5138,000 b. $100,000 c. 5140000 d. 1337500

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