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Business, 06.07.2019 01:10 ericb6939

On december 15 of last year duster inc. entered into a forward contract to purchase 100,000 yen in sixty days. the relevant exchange rates are as follows: date forward rate 2/1511/15 $0.0075 $0.008612/15 $0.0081 $0.008312/31 $0.0089 $0.00852/15 $.0084 $0.0084duster entered into the forward contract to hedge a purchase of inventory made on november 15 payable on february 15 of the next year. at december 15 of last year what is the fair value of this forward contract? (for purposes of this exercise, use a present value factor of 1.)a) $ 810b) $ 830c) $ 860d) $ 20e) $ - 0

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On december 15 of last year duster inc. entered into a forward contract to purchase 100,000 yen in s...
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