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Answer is correct if you could show how to solve, please. Thanks! 14. An American firm is owed SFr 1.200,000.00 payable in one year. The

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Answer is correct if you could show how to solve, please. Thanks!
14. An American firm is owed SFr 1.200,000.00 payable in one year. The current spot it $1.3333/SFr. A Swiss bank is paying 3.50% on deposits or will lend at 6.50%. A U.S. bank is paying 4.50% or will lend at 7.00%. The firm will hedge this exposure with money market hedging, How much will they get in one year? (a) $1,502,309.85 (b) $1,569,913.79 (c) $1.711,957.20 (d) $1,607,471.54 () None of the above

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