Suppose a U.S. importer purchases an Italian product today but will not pay for it for 90 days. The
cost of the product today is 35,000 euros. The spot exchange rate today is .6233 euros per dollar. The
importer creates a forward-market hedge.
The 90-day forward rate is .6100 euros per dollar. The
amount the U.S. importer will pay in 90 days is
A) $56,667. B) $57,377. C) $56,153. D) $55,683.
B
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Which of the following aspects of Protestantism paved the way for the subsequent emphasis on individual economic and political freedom?
a) the emphasis on experiencing worldly pleasures b) the promise of salvation in the next world rather than this world c) the emphasis on individual religious freedom d) the emphasis on individual purity and focus on spiritual rather than economic pursuits
Boeing has reorganized its commercial transport design and manufacturing engineers from functional lines into a matrix organization. This new design is expected to have all of the following benefits except:
A) lower costs and quick updates. B) facilitate problem solving. C) unite engineering and manufacturing processes. D) provide customer contacts. E) enhance product consistency.