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The treasurer of Hugh, Runderer-Rest Co wishes to sell 120,000 euros that the company will receive in two months' time from a customer in Frankfurt. The bank's exchange rates are:
If the company took out a forward exchange contract, what would it receive in 2 months' time from the exchange of its euro income? A. $44,568.25 B. $44,280.44 C. $43,360.43 D. $43,321.30 |