Multiple Choice
Given: the future spot rate C$0.00965 per yen; the current spot rate C$0.0088 per yen and the forward rate C$0.009721 per yen.Determine the cost (proceeds) in Canadian dollars to eliminate foreign exchange exposure for 100,000 yen to be paid to a foreign supplier.
A) Cost C$965.00
B) Cost C$880.00
C) Cost C$972.10
D) Proceeds C$880.00
Correct Answer:
Verified
Correct Answer:
Verified
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