Question: answer not B Johnson & Johnson, Inc., a U.S.-based MNC, will need 15 million Brazilian Reals on December 1. It is now September 1. Johnson

answer not B

Johnson & Johnson, Inc., a U.S.-based MNC, will need 15 million Brazilian Reals on December 1. It is now September 1. Johnson & Johnson has negotiated a non-deliverable forward contract with its bank. The reference rate is the Brazilian Real's closing exchange rate in S) quoted by Brazil's central bank in 90 days. The Brazilian Real's spot rate today is $22. If the rate quoted by Brazil's central bank on December 1 is 5.26, Johnson will - $_- be paid, 60,000 pay. 600,000 pay: 60.000 be paid: 600,000

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