On March 13, 2020, you convert 500,000 U.S. dollars to Japanese yen in the spot foreign...

 

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On March 13, 2020, you convert 500,000 U.S. dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward contract to convert yen into dollars. How much will you receive in U.S. dollars at the end of six months? Use the data in Table 9-1 for this problem. (Round your answer to 2 decimal places. (e.g., 32.16)) Answer is complete but not entirely correct. Amount that you will receive in U.S. dollars at the end of six months $ On March 13, 2020, you convert 500,000 U.S. dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward contract to convert yen into dollars. How much will you receive in U.S. dollars at the end of six months? Use the data in Table 9-1 for this problem. (Round your answer to 2 decimal places. (e.g., 32.16)) Answer is complete but not entirely correct. Amount that you will receive in U.S. dollars at the end of six months $