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Your company is scheduled to receive a payment of 100,000 in 90 days from a British customer. Suppose that the current exchange rate is $1.2500/
Your company is scheduled to receive a payment of 100,000 in 90 days from a British customer. Suppose that the current exchange rate is $1.2500/ and that analysts are forecasting the U.S. dollar to appreciate by 5% with respect to the British pound over the next 90 days. If your company chooses not to hedge its transaction exchange risk, what is your company's expected dollar revenue? Round your answer to the nearest integer
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