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An importer in the US has 10,000 euros payable in one year. She would like to used a money market hedge rather than use a

An importer in the US has 10,000 euros payable in one year. She would like to used a money market hedge rather than use a forward contract. The spot exchange rate is $1.20 per euro. The interest rate in the US is 2% and the interest rate in Europe is 1%. How much will she need (in dollars) today to create a money market hedge?

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