Lab Assignment Chapter 19 ( Saved 1 10 points Giffen Forest Products has sold lumber to the British company Bulldog Builders, with payment due six months from today

Lab Assignment Chapter 19 ( Saved 1 10 points Giffen Forest Products has sold lumber to the British company Bulldog Builders, with payment due six months from today. The payment due is £135,000. The Canadian dollar and British pound rate is 1.5875 and the six-month C$£ forward rate is 1.5683. Hedge this liability with a forward contract. a. How much will Giffen Forest Products receive in six months in Canadian dollars? (Round the final answer to the nearest whole dollar. Omit $ sign in your response.) Amount received in Canadian dollars b. How much would they have to pay today? (Leave no cells blank - ensure that "0" is entered wherever required. Omit $ sign in your response.) eBook Print Payment required $