Question: Use the following information on the U . S . dollar value of the euro to answer the question. Spot RateForward Rate for March 1
Use the following information on the US dollar value of the euro to answer the question.
Spot RateForward Rate for
March DeliveryNovember $ $ December March
On November a US company makes a sale to a customer in Germany. Under the sale terms, the customer will pay the company on March On November the company also enters a forward contract to sell on March On March the company receives from the customer and sells it using the forward contract. The companys accounting year ends December
How much in US dollars does the US company receive on March
Select one:
a
$
b
$
c
$
d
$
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