2. Your firm is a Swiss importer of bicycles. You have placed an order with a British firm for 1,000,000 worth of bicycles. Payment (in pounds sterling) is due in 12 months. Use a money market hedge to redenominate this one-year pound denominated payable into a Swiss franc- denominated payable with a one-year maturity. Contract Size 10,000 10,000 Country Britain (Pound) 12 Months Forward Euro 12 Months Forward Swiss Franc 12 Months Forward U.S. $ equiv. $1.9600 $2.0000 $1.5600 $1.6000 $0.9200 $1.0000 Currency per U.S. $ 0.5102 0.5000 0.6410 0.6250 SFr. 1.0870 SFr. 1.0000 interest APR rates is = 1% le = 2% 3% 1SF 4% SFr. 10,000 The following were computed without rounding. Select the answer closest to yours. A. SFr. 2,000,000 B. SFr. 2,151,118.62 C. SFr. 2,068,383.28 D. SFr. 1,921,941.75