An importer has entered into a USD contract that will require payment of USD10 million in one month.
Posted: January 10th, 2022
An importer has entered into a USD contract that will require payment of USD10 million in one month. The importer wishes to lock in an exchange rate today in order to protect its future profit margins. An investment bank gives the following quote: AUD/USD0.7340–33 12:17. Calculate the importer’s one-month forward exchange rate. (LO 18.4)
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