Tantrix industries sold equipment to a mexican firm payment, Financial Management

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Tantrix industries sold equipment to a mexican firm payment

Tantrix Industries sold equipment to a Mexican firm. Payment of 27,556,000 pesos will be due in 30 days. Tantrix has the option of selling the pesos at a 30-day forward rate of $0.08914/peso. If the company waits 30 days to sell the pesos, the expected spot rate is $0.08857/peso. In dollars, how much better off will Tantrix be if the pesos are sold in the forward market?

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Financial Management: Tantrix industries sold equipment to a mexican firm payment

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Financial Management: Tantrix industries sold equipment to a mexican firm payment

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