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On june 1, camco received a signed agreement to sell inventory for ¥500,000. the sale would take place in 90 days. camco immediately signed a 90-day forward contract to sell the yen as soon as they are received. the spot rate on june 1 was ¥1 =$.004167, and the 90-day forward rate was ¥1 = $.00427. at what amount would camco record the forward contract on june 1? a. $2,083.b. $0.c. $2,110.d. $2,532.e. $2,135.
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On june 1, camco received a signed agreement to sell inventory for ¥500,000. the sale would take pla...
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