Question: Lab Assignment Chapter 19 ( Saved 1 10 points Giffen Forest Products has sold lumber to the British company Bulldog Builders, with payment due six

Lab Assignment Chapter 19 ( Saved 1 10 points Giffen Forest

Lab Assignment Chapter 19 ( Saved 1 10 points Giffen Forest Products has sold lumber to the British company Bulldog Builders, with payment due six months from today. The payment due is 135,000. The Canadian dollar and British pound rate is 1.5875 and the six-month C$ forward rate is 1.5683. Hedge this liability with a forward contract. a. How much will Giffen Forest Products receive in six months in Canadian dollars? (Round the final answer to the nearest whole dollar. Omit $ sign in your response.) Amount received in Canadian dollars b. How much would they have to pay today? (Leave no cells blank - ensure that "0" is entered wherever required. Omit $ sign in your response.) eBook Print Payment required $

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