XYZ Corp is expecting payment from a foreign customer for 30,000 British Pounds 60 days from now. British pound has bee

[answerhappygod]

XYZ Corp is expecting payment from a foreign customer for
30,000 British Pounds 60 days from now. British pound has been
fluctuating a lot so they decided to hedge their position by
selling British Pounds forward. The current spot rate of the pound
is $1.60, while the forward rate is $1.65. You expect the spot rate
in 60 days to be $1.55. How many dollars will you receive for the
30,000 pounds 60 days from now if you sell pounds forward?
$49,500
$48,000
$48,500
$46,500
$47,500