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Victoria Exports (Canada). A Canadian exporter, Victoria Exports, will be receiving six payments of 13,800, ranging from now to 12 months in the future.
Victoria Exports (Canada). A Canadian exporter, Victoria Exports, will be receiving six payments of 13,800, ranging from now to 12 months in the future. Since the company keeps cash balances in both Canadian dollars and U.S. dollars, it can choose which currency to exchange the euros for at the end of the various periods. Which currency appears to offer the better rates in the forward market? (Click on the icon to import the table into a spreadsheet.) elp Period Days Forward spot 1 month 2 months 3 months 6 months C$/euro US$/euro 1.3385 1.3248 30 1.3413 1.3254 60 1.3441 1.3260 90 1.3465 1.3265 180 1.3490 1.3269 Days Forward Premium Period Forward C$/euro on the C$/euro CS Proceeds of 13,800 Difference Over Spot Spot 0 1.3385 C$ 18,471.30 C$ 1 month 30 1.3413 % C$ C$ Got more help Clear all Check answer
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