Problem 10-5 (algorithmic) Question Help Elan Pharmaceuticals. Elan Pharmaceuticals, a U.S.-based multinational pharmaceutical company, is evaluating an export sale of its cholesterol-reduction drug with a prospective Indonesian distributor. The purchase would be for 1,670 million Indonesian rupiah (Rp), which at the current spot exchange rate of Rp9,500/$, translates into $175,789.47. Although not a big sale by company standards, company policy dictates that sales must be settled for at least a minimum gross margin, in this case, a cash settlement of $169,000. The current 90-day forward rate is Rp9,920/$. Although this rate appeared unattractive, Elan had to contact several major banks before even finding a forward quote on the rupiah. The consensus of currency forecasters at the moment, however, is that the rupiah will continue to strengthen, possibly rising to Rp10,190 / $ over the coming 90 to 120 days. Analyze the prospective sale and make a hedging recommendation. How much in U.S. dollars will Elan receive in 90 days without a hedge if the expected spot rate in 90 days is assumed to be Rp9,500/$? Round to the nearest cent.) Ho Problem 10-5 (algorithmic) Question Help Ut Elan Pharmaceuticals. Elan Pharmaceuticals, a US-based multinational pharmaceutical company is evaluating an export sale of its cholesterol reduction drug with a prospective Indonesian distributor The purchase would be for 1.670 million Indonesian Rupiah (Rp), which at the current spot exchange rate of Rp9,500/5, translates into $175.789.47. Although not a big sale by company standards, company policy dictates that sales must be settled for at least a minimum gross margin, in this case, a cash settlement of $169,000. The current 90-day forward rate is Rp9 920/5 Although this rate appeared unattractive, Elan had to contact several major banks before even finding a forward quote on the rupiah. The consensus of currency forecasters at the moment, however, is that the rupiah will continue to strengthen, possibly rising to Rp10.190/S over the coming 90 to 120 days. Analyze the prospective sale and make a hedging recommendation Hame: How much in US dollars will Elan receive in 90 days without a hedge if the expected spot rate in 90 days is assumed to be Rp9,500/5? Due: Last w (Round to the nearest cent.) Curren Problem 10-5 (algorithmic) Question Help Elan Pharmaceuticals. Elan Pharmaceuticals, a U.S.-based multinational pharmaceutical company, is evaluating an export sale of its cholesterol-reduction drug with a prospective Indonesian distributor. The purchase would be for 1,670 million Indonesian rupiah (Rp), which at the current spot exchange rate of Rp9,500/$, translates into $175,789.47. Although not a big sale by company standards, company policy dictates that sales must be settled for at least a minimum gross margin, in this case, a cash settlement of $169,000. The current 90-day forward rate is Rp9,920/$. Although this rate appeared unattractive, Elan had to contact several major banks before even finding a forward quote on the rupiah. The consensus of currency forecasters at the moment, however, is that the rupiah will continue to strengthen, possibly rising to Rp10,190 / $ over the coming 90 to 120 days. Analyze the prospective sale and make a hedging recommendation. How much in U.S. dollars will Elan receive in 90 days without a hedge if the expected spot rate in 90 days is assumed to be Rp9,500/$? Round to the nearest cent.) Ho Problem 10-5 (algorithmic) Question Help Ut Elan Pharmaceuticals. Elan Pharmaceuticals, a US-based multinational pharmaceutical company is evaluating an export sale of its cholesterol reduction drug with a prospective Indonesian distributor The purchase would be for 1.670 million Indonesian Rupiah (Rp), which at the current spot exchange rate of Rp9,500/5, translates into $175.789.47. Although not a big sale by company standards, company policy dictates that sales must be settled for at least a minimum gross margin, in this case, a cash settlement of $169,000. The current 90-day forward rate is Rp9 920/5 Although this rate appeared unattractive, Elan had to contact several major banks before even finding a forward quote on the rupiah. The consensus of currency forecasters at the moment, however, is that the rupiah will continue to strengthen, possibly rising to Rp10.190/S over the coming 90 to 120 days. Analyze the prospective sale and make a hedging recommendation Hame: How much in US dollars will Elan receive in 90 days without a hedge if the expected spot rate in 90 days is assumed to be Rp9,500/5? Due: Last w (Round to the nearest cent.) Curren