This morning, you purchased 125,000 yen ahead 6 months at a price of 130 yen per dollar. The spot rate today is 128 yen per dollar. In six months, how many dollars must you pay to acquire the 125,000 yen?
A) $0
B) $961.54
C) $976.56
D) $968.99
Correct Answer:
Verified
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