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Your company desires to avoid the risk from exchange rate fluctuations, and it will need C$300,000 in 90 days to make payment on imports from

Your company desires to avoid the risk from exchange rate fluctuations, and it will need C$300,000 in 90 days to make payment on imports from Canada. You decide to hedge your position by purchasing Canadian dollar forward. The current spot rate of the Canadian dollar is $.73 while the forward rate is $.76. You expect the spot rate in 90 days to be $.80. How many dollars will you need for the C$300,000 in 90 days if you purchase Canadian dollar forward?

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