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A U . S . firm has an obligation to pay BRL 7 million in one year. The current spot rate USDBRL is 3 .

A U.S. firm has an obligation to pay BRL 7 million in one year. The current spot rate USDBRL is 3.1,337, the money market rate in the U.S. is 1.5% while the money market rate in Brazil is 9.78%. In order to hedge this FX exposure with a money market hedge, how much money should the U.S. firm borrow in Brazilian reais such that it can meet its obligation in one year.
Note: round your answer to the nearest Brazilian real. For example, if you calculated answer is 5,275,416.823, enter it as: 5,272,417
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