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Exhibit 11-1 -Refer to Exhibit 11-1. Pablo Corp. Will Need 150,000 Jordanian

Question 77

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Exhibit 11-1
Exhibit 11-1 -Refer to Exhibit 11-1. Pablo Corp. will need 150,000 Jordanian dinar (JOD) in 360 days. The current spot rate of the dinar is $1.48, while the 360-day forward rate is $1.46. What is Pablo's cost from implementing a money market hedge (assume Pablo does not have any excess cash) ?​ A) $224,135 B) $226,269 C) $224,114 D) $223,212
-Refer to Exhibit 11-1. Pablo Corp. will need 150,000 Jordanian dinar (JOD) in 360 days. The current spot rate of the dinar is $1.48, while the 360-day forward rate is $1.46. What is Pablo's cost from implementing a money market hedge (assume Pablo does not have any excess cash) ?​


A) $224,135
B) $226,269
C) $224,114
D) $223,212

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