Question: Question 6 1 points Save Answer Stoddar Plc a French importing company expects to pay Dollars 120,000 in 3 months. Spot rate is US$1.61 EUR.

Question 6 1 points Save Answer Stoddar Plc a French importing company expects to pay Dollars 120,000 in 3 months. Spot rate is US$1.61 EUR. The company's French account rate for EUR receives an interest of 5% per annum. Stoddard deposit rate in US in Dollars is 2% per annum, Forward rate 3 months is fixed at TEUR-135. Assume that the 3 Month period consists of 90 days. Using the Money market what could be the Revenue/cost to the importer in EUR at the end of the 3 months period? A 120.000 (Revenue) 0.122,82 (Cost) C. None of the answers is correct 0.75,560 (Cost) E. 74.626 Revenue F. 123.755 (Com)

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