3) Money Market Hedging- A/P: Suppose General Motors uses a money market hedge to protect CAD 200,000 payable due in one year. . The U.S. interest rate at the time of the hedge was 9% -The Canadian interest rate was 14%. - The spot rate is $0.75/CAD What was GM's cost of the money market hedge? A) S123,256 B) $143,421 C) $162,987 D) S128,345