In 2 years, New York Co. is importing an equipment from Australia and has agreed to pay 13,000,000 for it. The spot rate of the Australian Dollar $0.75. Regardless of the debt maturity the annualized U.S interest rate is 6% and Australian dollar interest rate is 15%. Assume that interest rate parity exists. New York plans to hedge its exposure with a forward contract that it will arrange today. Determine the amount of US dollars that New York Co. will need in 2 years to make its payment. $5,678,098.32 $6,203,129.67 $8,283,629.49 $12.345.08

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A: ESOP stands for Employee Stock Ownership Plan. It is a kind of employee benefit plan that gives the…

Q: 3). Explain the difference between a joint product and a byproduct. Can a byproduct ever become a…

A: Joint product and by-product are part of cost accounting. Raw materials are purchased or produced…

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A:

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