Dec hedges a sf 32 million receivable due in 180 days the


DEC hedges a SF 3.2 million receivable due in 180 days. The current spot rate is SF 1 = $0.18834 and the 180 day forward rate is SF 1 = $0.18625. If the spot rate at the end of 180 days is $0.18728, how much has the forward market hedge cost DEC? $6,688 $3,392 $3,296 DEC gains $6,688 on the hedge

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Financial Management: Dec hedges a sf 32 million receivable due in 180 days the
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