Theodre Group is a conglomerate located in Europe. Theodre Group is concerned on the depreciation...
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Theodre Group is a conglomerate located in Europe. Theodre Group is concerned on the depreciation of Euro in the future. The company expected to pay its Bahraini supplier BHD 2,500,000 in nine months. At the same time, Theodre Group is expected to receive a payment of NZD 2,000,000 from its customer in New Zealand, six months from now. The cost of capital for Theodre Group is 8%. The current spot rate is at EUR2.0833/BHD and NZD1.6855/EUR.
The following information was given by Theodre Group's bank.
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