Find the japanese firms profitloss in terms of yen on the, Financial Management

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Find the japanese firms profitloss in terms of yen on the

A Japanese firm is set to receive 35 million Australian dollars from its overseas operations in 6 months. The company decides to enter into a 6 month forward contract for 35 million Australian dollars to mitigate its price risk. The forward rate is ¥125/A$. Find the Japanese firm's profit/loss (in terms of yen) on the forward contract if the spot rate is A$.0084/¥ at expiration. Round intermediate steps to four decimals.

14,000

-208,333,333.3

208,333,333.3

-14,000

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