homework 2023 Business Finance
2023 Problem 5 5 Vancouver Exports A Canadian exporter Canuck Exports
Problem 5.5 Vancouver Exports A Canadian exporter, Canuck Exports, will be receiving six payments of â¬12,000, ranging from now to 12…
|Problem 5.5 Vancouver Exports|
A Canadian exporter, Canuck Exports, will be receiving six payments of €12,000, ranging from now to 12 months in the future. Since the company keeps cash balances in both Canadian dollars and U.S. dollars, it can choose which currency to change the euros to at the end of the various periods. Which currency appears to offer the better rates in the forward market?
|Days||Forward Premium||C$ Proceeds of||Difference|
|Period||Forward||C$/euro||on the C$/euro||€ 12,000.00||Over Spot|
|Days||Forward Premium||US$ Proceeds of||Difference|
|Period||Forward||US$/euro||on the US$/euro||€ 12,000.00||Over Spot|
|Please type your answer/comments here.|
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