Question: Question 14 (3.03 points) Nova Inc., a U.S.-based MNC, will receive 100 million Japanese yens on June 1. It is now March 1. Nova has

Question 14 (3.03 points) Nova Inc., a U.S.-based MNC, will receive 100 million Japanese yens on June 1. It is now March 1. Nova has negotiated a non-deliverable forward contract with its bank. The reference rate is Japanese yen's closing exchange rate (in $) quoted by Japan's central bank in 90 days. The Japanese yen's spot rate today is $.0094. If the rate quoted by Japan's central bank on June 1 is $.0091, Nova will pay; 30,000 be paid; 3,000 be paid; 30,000 pay; 3,000

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