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What is the expected us dollar value of the fee

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The Walt Disney Company in the United States expects to receive $9 million from Mexico in 90 days. The current spot rate is $0.2/Mex$ and the 90 day forward rate is $0.18/Mex$. The expected future spot rate in 90 days is $0.19/Mex$. What is the expected U.S. dollar value of the fee? Please submit the number only in your answer in millions.

Reference no: EM132704879

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