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You have 250,000 payables due in 3 months' time. You decided to hedge this with a forward contract at the forward exchange rate of 1.15

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You have 250,000 payables due in 3 months' time. You decided to hedge this with a forward contract at the forward exchange rate of 1.15 $/. In 3 months' time, the exchange rate is $1.12 $/ . How much is your payment in US dollars? O $280,000 O $217,391 O $223,214 O $250,000 O $287,500

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