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Hedge using the forward contract

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Your U.S.-based company expects to receive 50,000,000 Malaysian ringgit (MYR) 90 days ?om now. You decide to hedge the position by entering a forward contract. The current MYR spot rate is $0.22, while the 90-day forward rate is $0.24. You expect that the spot rate in 90 days will be $0.23. How many dollars will you receive 90 days ?om now if you hedge using the forward contract?

Reference no: EM133070241

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