A us firm is expecting cash flows of 45 million mexican, Ask an Expert

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A U.S. firm is expecting cash flows of 45 million Mexican pesos and 60 million Indian rupees. The current spot exchange rates are $1 = 11.738 pesos and $1 = 45.212 rupees. Assume these cash flows are not received for one year and the expected spot rates at that time will be $1 = 11.134 pesos and $1 = 44.083 rupees.

What is the difference in dollars received that was caused by the delay? (Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 2 decimal places.)

The firm would get $ million

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Financial Management, Finance

Category:- Financial Management
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