XYZ Company will need 500,000 in 90 days to pay for French imports. Today's 90-day forward rate
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Question:
XYZ Company will need 500,000 in 90 days to pay for French imports. Today's 90-day forward rate for the euro is $1.02. The spot rate for the euro in 90 days is forecast to be $1.07. Based on this information, what is the expected real cost of hedging payables?
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