IMXP Corp. enters into a 30-day forward exchange contract to buy 113,540,000 yen for $100,000
Which of the following statements is true concerning this transaction?
A) IMXP will receive 113,540,000 yen today and pay $100,000 30 days from now.
B) The spot exchange rate in 30 days will be 113.54 yen per dollar.
C) IMXP will pay $100,000 today and receive 113,540,000 yen 30 days from now.
D) IMXP will pay $100,000 and receive 113,540,000 yen 30 days from now.
D
Business
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