Assume that Parker Co. will receive SF200,000 in a year. Assume the following interest rates:

	U.S.	Switzerland
360-day borrowing rate	7%	5%
360-day deposit rate	6%	4%

Assume the forward rate of the Swiss franc is $.50 and the spot rate of the Swiss franc is $.48. If Parker Co. uses a money market hedge, it will receive ____ in 360 days.

	a.	$101,904
	b.	$101,923
	c.	$98,769
	d.	$96,914
	e.	$92,307