2. A French firm is buying $1,000,000 of optical cable from a firm in the United...

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2. A French firm is buying $1,000,000 of optical cable from a firm in the United States. The French firm will pay for the cab

business accounting

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Answer 1

Answer #1

Euros required = Dollars to be bought/Futures rate

= 1,000,000/1.25

= Euro 800,000

Hence, the answer is e.

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Answer 2

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Vino Veritas Company, a U.S.-based importer of wines and spirits, placed an order with a French...

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