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Assume that Stevens Point Co. has net receivables 100,000 in Singapore dollars in 90 days. The spot rate of the Singapore dollar is $0.50, and

Assume that Stevens Point Co. has net receivables 100,000 in Singapore dollars in 90 days. The spot rate of the Singapore dollar is $0.50, and the Singapore interest rate is 2 percent over 90 days. Suggest how the US firm could implement a money marekt hedge. Be precise.

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