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Your company expects to receive 10,000,000 Chinese Yuan 60 days from now. You decide to hedge your position by selling Chinese Yuan forward. The current

Your company expects to receive 10,000,000 Chinese Yuan 60 days from now. You decide to hedge your position by selling Chinese Yuan forward. The current spot rate of the yen is $.069, while the forward rate is $0.074. You expect the spot rate in 60 days to be $.066. How many dollars will you receive for the 5,000,000 yen 60 days from now? (with steps and calculations please)

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