American Airlines is trying to decide how to go about hedging CHF80 million in ticket sales receivable in 300 days Suppose it faces the following exchange rates Spot Rate USD 1 0335 CHF Forward Rate (300 days) USD 1 0017 CHF Which of the following is closet to the hedged value of AmericanAirlines' ticket sales using a forward market hedge Select Answer a USD82,680,000 b USD77,406,870 c USD79,864,230 d USD80,928,430 e USD80,136,000

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American Airlines is trying to decide how to go about hedging CHF80 million in ticket sales receivable in 300 days. Suppose it faces the following

American Airlines is trying to decide how to go about hedging CHF80 million in ticket sales receivable in 300 days. Suppose it faces the following exchange rates:

Spot Rate: USD 1.0335/CHF
Forward Rate (300 days): USD 1.0017/CHF

Which of the following is closet to the hedged value of AmericanAirlines' ticket sales using a forward market hedge?

Select Answer:

a.USD82,680,000

b.USD77,406,870

c.USD79,864,230

d.USD80,928,430

e.USD80,136,000

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