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11. Money Corp. used a forward hedge to hedge its payables of Malaysian ringgit (MYR) 1,500,000. The forward rate was $.23. On the day Money

11. Money Corp. used a forward hedge to hedge its payables of Malaysian ringgit (MYR) 1,500,000. The forward rate was $.23. On the day Money Corp. received the MYR, the spot rate was $0.21/MYR. The real cost of hedging the payable was:

	a.	$30,000
	b.	$7,500.
	c.	$7,500.
	d.	none of these

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