Today,you purchased 125,000 yen 6-months forward at JPY130 = USD1 per dollar.The spot rate today is JPY128 =USD1.If the yen appreciates by 10% over the next six months,how many dollars must you pay to acquire the 125,000 yen?
A) $0
B) $961.54
C) $976.56
D) $1,085.07
Correct Answer:
Verified
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