Question: Johnson Johnson & Johnson, Inc., a U.S.-based MNC, will receive 200 million Colombian Pesos on December 1. It is now September 1. Johnson & Johnson

Johnson Johnson & Johnson, Inc., a U.S.-based MNC, will receive 200 million Colombian Pesos 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 Colombian Peso's closing exchange rate (in $) quoted by Colombia's central bank in 90 days. The Colombian Peso's spot rate today is $.00029. If the rate quoted by Colombia's central bank on December 1 is $.00032, Johnson will ____ $____

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