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August 29, 2014

Homework Help: Math

Posted by Kd on Tuesday, October 23, 2007 at 8:55pm.

A U.S. company sells products to a Dutch company and will receive payment of 550,000 in three months. At the time of sale, the spot rate of the euro was $1.25, and the 90-day forward rate was $1.21. At the time of sale, the U.S. company negotiated a forward contract with a bank to sell 550,000 forward in three months. The spot rate of the euro on 9/1 is $1.28. What amount in $ will the US Company receive?

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