Harrison Inc has imported goods for $750000, The amount is payable after 3 months , it has
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Question:
Harrison Inc has imported goods for $750000, The amount is payable after 3 months , it has also exported goods of $650000 and it is receivable in 4 months, for receivable amount a forward contract is already taken at $48.9
The market rate for $ are as follows
Spot 48.5/70
2 months 25/30 points
3 months 40/45 points
Calculate cover to be taken for payables in the forward market?
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