A firm expects to receive a payment of CAD 650,000 four years from now. The risk-free rate of return is 0.86 percent in

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answerhappygod
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A firm expects to receive a payment of CAD 650,000 four years from now. The risk-free rate of return is 0.86 percent in

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A firm expects to receive a payment of CAD 650,000 four years
from now. The risk-free rate of return is 0.86 percent in the U.S.
and 2.10 percent in Canada. Assume the current exchange rate is
CAD1 = $.74. How much will the payment four years from now be worth
in U.S. dollars?
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