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An American firm owes 5,719,410 british Pounds poyable in owe year. The curvent spot rate is 51.37 lpound. A UK bank is paying 3.1% on

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An American firm owes 5,719,410 british Pounds poyable in owe year. The curvent spot rate is 51.37 lpound. A UK bank is paying 3.1% on deposits ar will lend at 4.4%.1 US bark is paying 5.1% on deposits ar wit lend at 6.15. The firm will hedge this erposure whth money maiket bedging. What is the effecthes exthange rate

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