Suppose, Zijin Constructions get a contract to build office building in Spain. Shao knows that...
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Accounting
Suppose, Zijin Constructions get a contract to build office building in Spain. Shao knows that they will need 25 million in 3 months to make payments in Spain. Current change rate is EI SL.20 a. What is the dollar cost of payables today? b. You do not need euros today, but you may need them in 3 months. What is the risk that you face? O $115 milion depreciation of euro 5115 million dollar may appreciate 5115 euro may not exist 5115 million appreciation of 530 corection of euro
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