On july 31 2013 you convert 500000 us dollars to japanese
On July 31, 2013, you convert 500,000 U.S. dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward contract to convert yen into dollars.
How much will you receive in U.S. dollars at the end of six months?
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question a currency dealer has good credit and can borrow either 1000000 or 800000 pounds for one year the one-year
on july 31 2013 you convert 500000 us dollars to japanese yen in the spot foreign exchange market and purchase a
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