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Business, 11.10.2019 20:30 NorbxrtThaG

Graylon, inc., based in washington, exports products to a german firm and will receive payment of €200,000 in three months. on june 1, the spot rate of the euro was $1.12, and the 3-month forward rate was $1.10. on june 1, graylon negotiated a forward contract with a bank to sell €200,000 forward in three months. the spot rate of the euro on september 1 is $1.15. graylon will receive $ for the euros.

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Graylon, inc., based in washington, exports products to a german firm and will receive payment of €2...
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