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90 Day Forward Rates for Hongkong Dollar Bid Rate Ask Rate USDHKD0.6050.610 A Hongkong exporter exported 200,000 HKD worth goods to Oman. He booked a forward contract to hedge against changing exchange rates. How many US dollars ( USD) will he receive and when?

90 Day Forward Rates for Hongkong Dollar Bid Rate Ask Rate USDHKD0.6050.610 A Hongkong exporter exported 200,000 HKD worth goods to Oman. He booked a forward contract to hedge against changing exchange rates. How many US dollars ( USD) will he receive and when?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter22: International Financial Management
Section: Chapter Questions
Problem 8P
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90 Day Forward Rates for Hongkong Dollar Bid Rate Ask Rate USDHKD0.6050.610 A Hongkong exporter exported 200,000 HKD worth goods to Oman. He booked a forward contract to hedge against changing exchange rates. How many US dollars ( USD) will he receive and when?
90 Day Forward Rates for Hongkong Dollar Bid Rate Ask Rate USDHKD 0.605 0.610 A Hongkong exporter exported 200,000 HKD worth goods to Oman. He booked a forward contract to hedge against changing exchange rates. How many US dollars (USD) will he receive and when?
Transcribed Image Text:90 Day Forward Rates for Hongkong Dollar Bid Rate Ask Rate USDHKD 0.605 0.610 A Hongkong exporter exported 200,000 HKD worth goods to Oman. He booked a forward contract to hedge against changing exchange rates. How many US dollars (USD) will he receive and when?
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