7 pts Your firm is a U.K.-based importer of bicycles. You have placed an order with an Italian firm for 1,000,000 worth of bicycles. Payment (in euro) is due in 12 months. Use a money market hedge to redenominate this one-year receivable into a pound-denominated receivable 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 APR U.S. $ equiv. $ 1.9600 $ 2.0000 $ 1.5600 $ 1.6000 $ 0.9200 $ 1.0000 SFr. 10.000 Currency per U.S. $ 0.5102 0.5000 0.6410 0.6250 SFr.1.0870 SFr.1.0000 interest rates is ic ie ISA 1 % 2 % 3 %% 4 % The following were computed without rounding. Select the answer closest to yours. 800,000 O 72,352.94 803,721.49 E780.312.13