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If the spot rate was $1.0304/C$ and the 90-day forward rate was $1.0394/C$, how much more (in U.S. dollars) would you receive by selling C$1,025,000 at the forward rate than at the spot rate?
Additional revenue
Sheridan, Inc., sold equipment to an Irish firm and will receive €1,371,300 in 30 days. If the company entered a forward contract to sell at the 30-day forward rate of $1.3370/€, what is the dollar revenue received? (Round answer to 2 decimal places, e.g. 15.25.)
Revenue received
what do liquidity ratios measure? activity ratios? leverage ratios? profitability ratios? market
All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.
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