asked 7.0k views
3 votes
Perkins Corp. will receive 250,000 Jordanian dinar (JOD) in 360 days. The current spot rate of the dinar is $1.48, while the 360-day forward rate is $1.50. How much will Perkins receive in 360 days from implementing a money market hedge (assume any receipts before the date of the receivable are invested)

1 Answer

6 votes

Answer:

$370,000

Step-by-step explanation:

answered
User Bmahf
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