Your company expects to receive 5000000 japanese yen 60, Financial Management

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Your company expects to receive 5000000 japanese yen 60

Your company expects to receive 5,000,000 Japanese yen 60 days from now. You decide to hedge your position by selling Japanese yen forward. The current spot rate of the yen is $.0089, while the forward rate is $.0095. If the spot rate turns out to be $.0090 in 60 days, how many dollars will you receive for the 5,000,000 yen at that time?

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Financial Management: Your company expects to receive 5000000 japanese yen 60

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