The 60-day forward rate for Japanese Yen is *8.02 per $1. The spot rate is *3.09 per $1. In 60 days you expect to receive *1,500,000. If you agree to a forward contract, how many dollars will you receive in 60 days?
A) $13,886
B) $14,550
C) $15,312
D) $154.635 million
Correct Answer:
Verified
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