Perkins Corp.will receive 250,000 Jordanian dinar (JOD)in 360 days.The current spot rate of the dinar is $1.48,while the 360-day forward rate is $1.50.How much will Perkins receive in 360 days from implementing a money market hedge (assume any receipts before the date of the receivable are invested)

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The Answer of Perkins Corp.will receive 250,000 Jordanian dinar (JOD)in 360 days.The current spot rate of the dinar is $1.48,while the 360-day forward rate is $1.50.How much will Perkins receive in 360 days from implementing a money market hedge (assume any receipts before the date of the receivable are invested)