Question: Remaining Time: 1 hour, 03 minutes, 38 seconds Question Completion Status: A company hedged forward on the FOREX futures market by buying 5 million Euros

 Remaining Time: 1 hour, 03 minutes, 38 seconds Question Completion Status:

Remaining Time: 1 hour, 03 minutes, 38 seconds Question Completion Status: A company hedged forward on the FOREX futures market by buying 5 million Euros at EUR/AUD at 0.61 to pay for a machinery delivery in Germany. At expiration, in one year, the spot EUR/AUD was 0.64. What were the cash flows? a None of these answers Cost of machinery -$8,196,721 Futures payoff +$ 384,221 Net payout -$7.812,500 c C Cost of machinery -$8,196,721 Futures payoff -S 384,221 -$7,812,500 Net payout Od Cost of machinery -$7.812,500 Futures payoff -$ 384,221 Net payout -S8,196,721

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