The firm has a payable of $2,000,000 they hatched is exposed with the four participating...

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Finance

The firm has a payable of $2,000,000 they hatched is exposed with the four participating contract with a guaranteed rate of 1.2500/dollar and a participating rate of 20% if at the time of the payment the spot price on silver equal to 1.2875/$. how much will the firm have to pay

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