Business, 04.10.2019 19:10 Andresssophie7379

Golden apple, inc., based in washington, exports products to a french firm and will receive payment of €200,000 in three months. on june 1, the spot rate of the euro was $1.12, and the 3-month forward rate was $1.10. on june 1, golden apple negotiated a forward contract with a bank to sell €200,000 forward in three months. the spot rate of the euro on september 1 is $1.15. golden apple will receive how many dollars for the euros?

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Golden apple, inc., based in washington, exports products to a french firm and will receive payment...

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