Question: On December 1 , 2 0 2 3 , Venice Company ( a U . S . - based company ) entered into a three

On December 1,2023, Venice Company (a U.S.-based company) entered into a three-month forward contract to purchase 1,110,000 pesos on March 1,2024. The following U.S. dollar per peso exchange rates apply:
\table[[Date,Spot Rate,\table[[Forward Rate (to],[March 1,2024
On December 1 , 2 0 2 3 , Venice Company ( a U .

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