AU.S.company has committed to pay 9 million kronor to a Swedish company in one year. What is the cost (in present value) of covering this liability by buying kronor forward? The Swedish interest rate is 12%, and exchange rates are shown in Tables 221. Cost 5 415,807 ed Forward Rates Abbreviation Spot Rate 3 Months 6 Months 1 Yew Europe: Euro EUR OF C 1.1758 1.1800 1.18-15 1.1916 Crech Republic CZK 21053 21.605 21 549 21.153 (koruma) HUF 267 28 265.703 261.138 261 320 Hungary (forint Poland (loty) PLN 1.5773 3.5091 3.5668 3.3615 Russia (ruble) RUB 33.879 59.453 60.205 61.501 Sweden (krona) SEK 5.4976 8.4355 8.3556 236 Switzerland (franc) CHF 99059 93222 97501 96089 Uuted Kingdom (end) GRP 1.221 1333 1.3478 1.3520 Americas: Hral (tral) BRI 33124 3 1664 34164 Canada (dollar) CAD 1.2931 1.2851 1.2811 1.2820 (nl) CLP 9. 635.17 36.62 19.14 Mexico MXN 19.131 19.117 19.729 20.371 Pacific/Middle East/Afrien: AUD Australia (dollar 1.1077 1.3082 1.3051 1.3081 (yan) CNY 6.0 16 6.642 6.6942 6.766 INR Ledia rupe 4.148 64.355 65.407 66 676 ILS Israel (thckel) 3.9141 3.5010 3.4854 3.511 112.61 JPY 111.94 111.14 109.99 Japan (yen) NZD New Zealand (dollar 14294 1.4323 1.4312 14239 ZAR 13.130 13.365 13.555 South Africa (rand 13942 KRW 1.0892 1.087.3 1,085.7 1.0.1 South Korea (0) TRY 3.8676 3.9739 4.0899 43300 Turkey flir)