Posted: January 3rd, 2017
Hypothetically the US has signed a contract to sell 100,000 widgets to a company in Germany at 5 euro per widget.
Hypothetically the US has signed a contract to sell 100,000 widgets to a company in Germany at 5 euro per widget. Payment is due six months from now. You expect the Euro to appreciate from the current $1/.85 euro within the next 6 months. I could borrow euros from the bank at 10% per year. What is your recommendation and why?
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