Question: Assume ABC ( assuming ABC is a US based company ) expects to receive 2 0 , 0 0 0 , 0 0 0 in

Assume ABC (assuming ABC is a US based company) expects to receive 20,000,000in90days.Adealerprovidesaquoteof$0.875/ for a currency forward contract to expire in 90 days. Suppose that at the end of 90 days, the underlying currencys exchange rate is $0.90/.Assume that settlement is in cash.
Is ABC's payoff inUSDorEURO?

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