[Solved] You have 250,000 payables due in 3 months

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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

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?

Group of answer choices

$250,000

$287,500

$223,214

$217,391

$280,000

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