Multiple Choice
Suppose it is May 1985 and the current value of the Greek drachma is Dr 1 = $0.006369,but the expected spot rate 90 days hence is Dr 1 = $0.005980.What is the value of a sales order of Dr 50 million sold on 90-day terms?
A) $318,450
B) $562,491
C) $299,000
D) 5,430
Correct Answer:
Verified
Correct Answer:
Verified
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