Use the following information to answer the question(s) below.
On November 2, 2014, Bellamy Corporation sells product to their Danish customer. At the same time, Bellamy signed a forward contract to sell 200,000 Danish krone in ninety days to hedge the account receivable at $0.1905, the 90-day forward rate. The receivable is expected to be collected in ninety days. Assume the forward contract will be settled net and this is a fair value hedge. The related exchange rates are shown below:
-Assuming a present value factor of 1 for simplicity,what is the fair value of this forward contract on January 31?
Definitions:
Biopsychosocial Model
A holistic approach to diagnosing and treating illnesses by considering biological, psychological, and social factors.
Depersonalization
A dissociative symptom in which one experiences a sense of unreality, detachment, or being an outside observer of one’s own thoughts, feelings, bodily sensations, or actions.
Derealization
A dissociative symptom in which one has a sense of unreality or detachment with respect to objects or other people in the environment, experiencing them as unreal, dreamlike, foggy, or distorted.
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