An American firm owes 3,000,000.00 payable in one year. The current spot is $0.9167/. An European...

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An American firm owes 3,000,000.00 payable in one year. The current spot is $0.9167/. An European bank is paying 2.50% on deposits or will lend at 4.00%. A U.S. bank is paying 1.00% or will lend at 4.50%. The firm would like to hedge this exposure with money market hedging. How much do they need to borrow today? O 2,926,829.27 O 2,926,829.27 O None of the alternatives O $2,683,024.39 O $2,644,326.92 An American firm owes 3,000,000.00 payable in one year. The current spot is $0.9167/. An European bank is paying 2.50% on deposits or will lend at 4.00%. A U.S. bank is paying 1.00% or will lend at 4.50%. The firm would like to hedge this exposure with money market hedging. How much do they need to borrow today? O 2,926,829.27 O 2,926,829.27 O None of the alternatives O $2,683,024.39 O $2,644,326.92