Your Canadian company processes raw sugar for sale in the United States, and the firm has just
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Question:
Your Canadian company processes raw sugar for sale in the United States, and the firm has just received a container of raw material from the UK. You have an invoice that asks you to pay 20,000 in 30 days. The current exchange rate is $1.75/.
a. What would it cost you, in Canadian dollars, to pay the bill today?
b. If you thought the dollar would trade at $2.50/ in 30 days, what should you do?
c. If you could lock into a forward rate today of $2.25/ for delivery in 30 days, what should you do
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