Macklin Metals has received 80 million pou
题型：单项选择题
问题：
Macklin Metals has received 80 million pounds sterling. The company plans to spend $120 million on a project in the United States in 90 days. Macklin inters into a cash settlement currency forward to exchange the pounds for U. S. dollars at a rate of $1.50 per pound in 90 days. If the exchange rate is $1.61 per pound at the settlement date, the cash settlement Macklin will pay or receive is closest to:
A．
| A. $5.5 million payment. |
B．
| B. $8.8 million payment. |
C．
| C. $5.5 million receipt. |
