Question: D ( a UK company ) has made an export sale of USD 4 5 0 , 0 0 0 . Receipt is due in

D (a UK company) has made an export sale of USD 450,000. Receipt is due in 60 days.
The currency spot rate is GBP 1= USD 1.48201.4670.
There is a two-month forward at a discount of 2.6 cents 1.7 cents.
What is the amount of GBP that D will receive using the forward hedge?
A. GBP 298,408
B. GBP 303,234 C. GBP 306,748
D. GBP 310,345

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