A firm expects to receive a payment of CAD 650,000 four years from now. The...
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A firm expects to receive a payment of CAD 650,000 four years from now. The risk-free rate of return is 0.86 percent in the U.S. and 2.10 percent in Canada. Assume the current exchange rate is CAD1 = $.74. How much will the payment four years from now be worth in U.S. dollars?
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