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Question 6 (6 points) Johnson & Johnson, Inc., a U.S.-based MNC, will need 15 million...

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Question 6 (6 points) Johnson & Johnson, Inc., a U.S.-based MNC, will need 15 million Brazilian Reals on December 1. It is now September 1. Johnson & Johnson has negotiated a non- deliverable forward contract with its bank. The reference rate is the Brazilian Real's closing exchange rate (in $) quoted by Brazil's central bank in 90 days. The Brazilian Real's spot rate today is $.22. If the rate quoted by Brazil's central bank on December 1 is $.26, Johnson will pay; 600,000 be paid; 60,000 be paid; 600,000 pay; 60,000

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