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2. (Receivables) (3 points) Assume that Stevens Point Co. has net receivables of 100,000 Singapore dollars in 90 days. The spot rate of the

2. (Receivables) (3 points) Assume that Stevens Point Co. has net receivables of 100,000 Singapore dollars in 90 days. The spot rate of the $$ is $.50, and the Singapore interest rate is 4% and US interest rate is 2% over 90 days. Suggest how the U.S. firm could implement a money market hedge and calculate how much the firm would receive in US Dollars.

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