8.EXCEL]Forward rate: Crane, Inc., sold equipment to an Irish firm and will receive €1,319,405 in 30 days. If the company entered a forward contract to sell at the 30-day forward rate of $1.3012/€, what is the dollar revenue received?
8.EXCEL]Forward rate: Crane, Inc., sold equipment to an Irish firm and will receive €1,319,405 in 30 days. If the company entered a forward contract to sell at the 30-day forward rate of $1.3012/€, what is the dollar revenue received?
Chapter11: Managing Transaction Exposure
Section: Chapter Questions
Problem 9QA
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8.EXCEL]Forward rate: Crane, Inc., sold equipment to an Irish firm and will receive €1,319,405 in 30 days. If the company entered a forward contract to sell at the 30-day forward rate of $1.3012/€, what is the dollar revenue received?
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