A Japanese exporter has a1,000,000 receivable due in six-month. Detail a strategy using a money market hedge that will eliminate any exchange rate risk. (I didn't round intermediate steps, if you did, select the answer closest to yours) 6-month interest rates: Spotexchangerates$1.25=1.00$1.00==1001-yearForwardRates$1.2262=1.00$1==96.88 Convert 117,924,528 to dollars at the spot rate; convert dollars to euro at the spot rate; lend 943,396.22 at 5.25 percent. Borrow 970,873.79 today. Convert the euro to dollars at the spot exchange rate, convert these dollars to yen at the spot rate, receive 121,359,223.3. Borrow 943,396.22 today. Convert the euro to dollars at the spot exchange rate, receive $1,179,245.28. Convert these dollars to yen at the spot rate, receive . Lend 943,396.22 today. Convert the euro to dollars at the spot exchange rate, convert these dollars to yen at the spot rate. None of the other answers. A Japanese exporter has a1,000,000 receivable due in six-month. Detail a strategy using a money market hedge that will eliminate any exchange rate risk. (I didn't round intermediate steps, if you did, select the answer closest to yours) 6-month interest rates: Spotexchangerates$1.25=1.00$1.00==1001-yearForwardRates$1.2262=1.00$1==96.88 Convert 117,924,528 to dollars at the spot rate; convert dollars to euro at the spot rate; lend 943,396.22 at 5.25 percent. Borrow 970,873.79 today. Convert the euro to dollars at the spot exchange rate, convert these dollars to yen at the spot rate, receive 121,359,223.3. Borrow 943,396.22 today. Convert the euro to dollars at the spot exchange rate, receive $1,179,245.28. Convert these dollars to yen at the spot rate, receive . Lend 943,396.22 today. Convert the euro to dollars at the spot exchange rate, convert these dollars to yen at the spot rate. None of the other answers