Assume that Parker Company will receive SF200,000,000 in 360 days. Assume the following interest rates: Assume that Parker company a USA firm just sold SF200,000,000 worth of medical equipment to a Swiss Hospital, payment is due in 360 days. Assume the following interest rates are the current market lending and borrowing rates in the two countries. Assuming the forward rate of the Swiss franc is $.50 and the spot rate of the Swiss franc is $.48. Please design a money market hedge for Parker Company (explain each stage). Please make sure you show all the proceeds from each transaction with the appropriate currency. In the end indicate how much Parker Company will receive from this transaction using the money market hedge.

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