Question: Johnson, Inc., a U . S . - based MNC , will need 1 0 million Thai baht on August 1 . It is now
Johnson, Inc., a USbased MNC will need million Thai baht on August It is now May Johnson has negotiated a nondeliverable forward contract with its bank. The reference rate is the baht's closing exchange rate in $ quoted by Thailand's central bank in days. The baht's spot rate today is $ If the rate quoted by Thailand's central bank on August is $ Johnson will $
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