Question: Procter & Gamble, Inc., a U.S.-based MNC, will receive 200 million Colombian Pesos on June 1. It is now March 1. Procter & Gamble has

Procter & Gamble, Inc., a U.S.-based MNC, will receive 200 million Colombian Pesos on June 1. It is now March 1. Procter & Gamble 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 $.00026. If the rate quoted by Colombia's central bank on June 1 is $.00020, Johnson will ____ $____.

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