You\'re company expects to receive 5,000,000 Japanese yen 60 days from now. You

Question

You're company expects to receive 5,000,000 Japanese yen 60 days from now. You decide to hedge by selling yen forward. The current sopt rate of yen is $0.0090. You expect the sopt rate im 60 days to be $0.0090. How many dollars will you receive for the 5,000,000 yen 60 day from now? Please show steps You're company expects to receive 5,000,000 Japanese yen 60 days from now. You decide to hedge by selling yen forward. The current sopt rate of yen is $0.0090. You expect the sopt rate im 60 days to be $0.0090. How many dollars will you receive for the 5,000,000 yen 60 day from now? Please show steps Please show steps

Explanation / Answer

$ to be received 1 yen = 0.009 500000 Yen will be equal to $ 500000*.0090 4500 $ 4500 will be received for 500000 yen

Related Questions

Navigate

• Browse (All)
• Browse Y
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.