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XYZ entered a Swap. At 5.78 months from now, XYZ will sell 4,000 pounds of rice. At 11.24 months from now, XYZ will sell 451
XYZ entered a Swap. At 5.78 months from now, XYZ will sell 4,000 pounds of rice. At 11.24 months from now, XYZ will sell 451 pounds of rice. At each swap, XYZ will receive a price "1.224" per pound of rice. the CCIR is 7.17%. Assume no convenience or storage cost. What is the total amount that XYZ expects to receive (in present value)
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