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VIOSE Toreign exchange 2 of 10 (1 complete) 1 correct em 5-2 (algorithmic) Question Help Exports (Canada). A Canadian exporter, Victoria Exports, will be receiving
VIOSE Toreign exchange 2 of 10 (1 complete) 1 correct em 5-2 (algorithmic) Question Help Exports (Canada). A Canadian exporter, Victoria Exports, will be receiving six payments of 13,600, 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 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.) Period Days Forward 30 60 onth onths onths onths nonths C$/euro 1.3377 1.3406 1.3435 1.3462 1.3490 1.3516 US$/euro 1.3199 1.3202 1.3205 1.3209 1.3215 1.3244 90 180 360 e the forward premium, the Canadian dollar proceeds, and the difference from the spot rate proceeds in the C$/Euro forward market below: (Round the forward premium to three decimal places and the Canadian dollar amounts to the nearest cent.) Days Forward Premium C$ Proceeds of Difference Period Forward C$/euro on the C$/euro 13,600 Over Spot t 0 1.3377 C$ CS
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