I need the answer ASAP!!!!! Victoria Exports. A Canadian exporter, Victoria Exports, will be...
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I need the answer ASAP!!!!!
Victoria Exports. A Canadian exporter, Victoria Exports, will be receiving six payments of 12,700, ranging from now to 12 months in the future. Since the company keeps cash balances in both C U.S. dollars, it can choose which currency to exchange the euros for at the end of the various periods. Which currency appears to offer the better rates in the forward market? (Click on the icor nto a spreadsheet.) Period Days Forward C $/euro US$/euro spot 1 month 2 months 3 months 6 months 12 months 30 60 90 180 360 1.3355 1.3383 1.3408 1.3428 1.3449 1.3471 1.3225 1.3228 1.3232 1.3235 1.3239 1.3265 alculate the forward premium, the Canadian dollar proceeds, and nadian dollar amounts to the nearest cent.) t rate proceeds in the CS/Euro forward market below: (Round the forward premium to thre C$ Proceeds of 12,700 Difference Days Forward Premium Over Spot Period ForwardC$leuro on the C$leuro C$ C$ 0 1.3355 Spot 1 month 2 months months C$ C$ C$ C$ 30 1.3383 60 13408 60 %C$ 90 1.3428 any number in the edit fields and then continue to the next
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