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You have A$500,000 worth of receivables you expect to collect in 2 months time. To hedge your currency risk, you decided to hedge with a

You have A$500,000 worth of receivables you expect to collect in 2 months time. To hedge your currency risk, you decided to hedge with a forward contract at a forward exchange rate of 1.5 A$/US$. In 2 months time, the exchange rate is 1.4 A$/US$. How much do you receive?

Group of answer choices

$357,143

$750,000

$700,000

$650,000

$333,333

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