Forward market evaluation
Net receipt in 1 month = 240000 - 140000 = $100000
Nedwen Co requires to sell dollars at an exchange rate of 1.7829 + 0.003 = $1.7832 per £
Sterling value of net receipt = 100000/ 1.7832 = $56079
Receipt in 3 months = $300000
Nedwen Co requires to sell dollars at an exchange rate of 1.7846 + 0.004 = $1.7850 per £
Sterling value of receipt in 3 months = 300000/ 1.7850 = $168067