How much more would you receive by selling

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Question

If the spot rate was $1.0190/C$ and the 90-day forward rate was $1.0305/C$, how much more (in U.S. dollars) would you receive by selling C$1,734,000 at the forward rate than at the spot rate?

The response paper should be in APA format, double spaced, hand-written, numbered pages, with a cover page and references.

Reference no: EM132385573

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