Question: Johnson & Johnson, Inc., a U.S.-based MNC, will need 15 million Thai baht on December 1. It is now September 1. Johnson & Johnson has

Johnson & Johnson, Inc., a U.S.-based MNC, will need 15 million Thai baht 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 baht's closing exchange rate (in $) quoted by Thailand's central bank in 90 days. The baht's spot rate today is $.028. If the rate quoted by Thailand's central bank on December 1 is $.026, Johnson will ____ $____

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