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How many dollars will money corp receive next month

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Reference no: EM132873407

Question 1: Money Corp. frequently uses a forward hedge to hedge its Malaysian ringgit (MYR) receivables. For the next month, Money has identified its net exposure to the ringgit as being MYR1,500,000. The 30-day forward rate is $.23. Furthermore, Money's financial center has indicated that the possible values of the Malaysian ringgit at the end of next month are $.20 and $.25, with probabilities of .30 and .70, respectively. Money Corp. hedges receivables only if the forward hedge generates greater expected dollar cash inflows. Based on this information, how many dollars will Money Corp. receive next month?

Reference no: EM132873407

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