A U.S. company has committed to pay 11 million kronor to a Swedish company in one year. What is the cost (in present value) of covering this liability by buying kronor forward? The Swedish interest rate is .8%, and exchange rates are shown in TABLE 27.1 Spot and forward exchange rates, December 2017. Source: CME Group. aRates show the number of units of foreign currency per U.S. dollar, except for the euro and the U.K. pound, which show the number of U.S. dollars per unit of foreign currency. A U.S. company has committed to pay 11 million kronor to a Swedish company in one year. What is the cost (in present value) of covering this liability by buying kronor forward? The Swedish interest rate is .8%, and exchange rates are shown in TABLE 27.1 Spot and forward exchange rates, December 2017. Source: CME Group. aRates show the number of units of foreign currency per U.S. dollar, except for the euro and the U.K. pound, which show the number of U.S. dollars per unit of foreign currency