On july 4 2012 you convert 500000 us dollars to japanese, Ask an Expert

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On July 4, 2012, you convert $500,000 U.S. dollars to Japanese yen in the spot foreign exchange market and purchase a 1-month forward contract to convert yen into dollars. How much will you receive in U.S. dollars at the end of the month? (use foreign currency exchange rates on July 5,2012)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91263464

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