Question: Bickel located in Washington, exports products to a German firm and will recieve payment of 275,000 euros in three months. on june 1, the spot rate of the euro was $1.12 and the 3 month forward rate was $1.1 Bickel negotiated a forward contract with a bank sell of 275,000 euros foward in three months. the spot rate of the euro in september 1 is $1.15. Bickel will recieve $_______ for the euros
How much money will Bickel recieve for the euros?