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9,61 ,2979,ni .2.U 6b-081 94.03 tp.ot zvsb oe ni 'ob neqto 9,61 toqa b99qa 180-day U.S. interest rate 180-day Fijian interest rate 180-day forward rate

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9,61 ,2979,ni .2.U 6b-081 94.03 tp.ot zvsb oe ni 'ob neqto 9,61 toqa b99qa 180-day U.S. interest rate 180-day Fijian interest rate 180-day forward rate of Fijian dollar (F$) Spot rate of Fijian dollar Expected spot rate of Fijian dollar in 90 days 4% 5% $0.48 $0.47 Assume that Monte Christo Corporation in the U.S. will receive 500,000 Fjian dollars in 18o days. What amount will Monte Christo receive in 18o days if it implements a money market hedge and invests any funds received as soon as possible? 180-day U.S. interest rate 180-day Fijian interest rate 180-day forward rate of Fijian dollar (F$) 4% 5% $0.49 $0.48 (Fs) $O. Sot rate ofFian doe ar Spot rate of Fijan dollar Expected spot rate of Fjian dollar in 90 days $0.47 Assume that Monte Christo Corporation in the U.S. will receive 500,ooo Fijian dollars in 18o days What amount will Monte Christo receive in 18o days if it implements a money market hedge and invests any funds received as soon as possible

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