Question: Question 10 (3.7 points) Procter & Gamble, Inc., a U.S.-based MNC, will receive 20 million Thai baht on December 1. It is now September 1.

Question 10 (3.7 points) Procter & Gamble, Inc., a U.S.-based MNC, will receive 20 million Thai baht on December 1. It is now September 1. Procter & Gamble has negotiated a non- deliverable forward contract with its bank. The reference rate is the baht's closing exchange rate (in $) quoted by Thailand's central bank in 90 days. The bant's spor rate today is $.020. If the rate quoted by Thailand's central bank on December 1 is $.022, Procter & Gamble will $ Onone of the above Obe paid: 4.000 be paid. 40.000 pay: 4.000 pay: 40.000

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