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  3. 2. your canadian company processes raw sugar for s

2. Your Canadian company processes raw sugar for sale in the United States, and the...

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Accounting

2. Your Canadian company processes raw sugar for sale in the United States, and the

firm has just received a container of raw material from the UK. You have an invoice

that asks you to pay 20,000 in 30 days. The current exchange rate is $1.50/.

a. What would it cost you, in Canadian dollars, to pay the bill today?

b. If you thought the dollar would trade at $2.0/ in 30 days, what should you do?

c. If you could lock into a forward rate today of $1.75/ for delivery in 30 days, what

should you do?

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