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Exercise 2.2 A Zorba Company, a US-based importer of specialty olive oil, placed olive oil at a price of 100 euro per case. T

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А В C D F G Н Accounts Payable Forward Contract 1 Forward Rate Spot Rate Date Change in change in Fair Value Fair Value PreseА В C Е G Accounts Payable Forward Contract Forward Rate Date Spot Rate Change in Fair Present value of $Value Change Fair VaB C 7 8 Dec 31 year 1 forward Contract 4455.45 Gain on Forward Contract 4455.45 (Gain from Forwarding Contract Recorded) 10 1

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