What follows is a numeric fill in the blank question with 1 blanks.Altarc North American Corp. is based in New York and exports products to a Canadian wholesaler. Altarc will receive payment of CAD250,000 in three months. On May 1, the spot rate of the Canadian dollar was $0.74456, and the 3-month forward rate was $0.78560. On that day, Altarc negotiated a forward contract with a bank to sell CAD250,000 forward in three months. The spot rate of the Canadian