Question: RTX Corporation, a U . S . - based MNC , will receive 6 8 million Malaysian ringgit on June 3 0 . It is

RTX Corporation, a U.S.-based MNC, will receive 68 million Malaysian ringgit on June 30. It is now March 30, RTX has negotiated a non-deliverable forward contract with its bank. The reference rate is Malaysian ringgit's closing exchange rate (in $) quoted by Malaysian central bank on June 30. The Malaysian ringgit's spot rate today is $0.22. If the rate quoted by Malaysian central bank on June 30 is $0.24, RTX will ____ $____. Question 27 options: be paid; 3,400,000 pay; 1,360,000 pay; 3,400,000 be paid; 1,360,000

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