Forward Pricing and Valuation of Currency Forwards

ABC Corporation, a U.S.-based company, has a contract to pay €1,000,000 in six months. To hedge against currency risk, ABC enters into a six-month forward contract to buy euros (EUR) at a forward rate of 1.10 USD/EUR. Assuming that the current spot rate is 1.12 USD/EUR, what is the effective cost in USD for ABC Corporation when the forward contract matures?