A U. S. MNC will receive 1 million Indian rupees (INR) in one year. The current spot rate is INR 75 / USD and the one year forward rate is INR 320/USD. The annual interest rate is 5 percent in India and 0 percent in the United States. The dollar amount the firm will receive using the forward hedge is
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A U. S. MNC will receive 1 million Indian rupees (INR) in one year. The current spot rate is INR 75 / USD and the one year forward rate is INR 320/USD. The annual interest rate is 5 percent in India and 0 percent in the United States.
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