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Assume that Parker Company will receive SF200,000 in 360 days. Assume the following interest rates: U.S. Switzerland 360-day borrowing rate 7% 5% 360-day deposit rate

Assume that Parker Company will receive SF200,000 in 360 days. 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 $1.0455 and the spot rate of the Swiss franc is $1.0037. If Parker Company uses a money market hedge, it will receive ____ in 360 days. ?

$97,556, $103,265,, $101,335, $101,326, $101,317

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