Baloon Pic is a UK company that has the following expected transactions: One month: Expected receipt of $330,000 One month: Expected payment of $250,000 Three months: Expected receipt of $410,000 The company's finance director has collected the following information: Spot rate: $1.6840 - 1.6842/E One month forward: 0.0019 - 0.0020 discount Three months forward: 0.0036 - 0.0038 discount Money market rates for the company at the present time are: Borrowing Deposit One year f interest rate: 2.9% 2.6% One year $ interest rate: 3.4% 3.1% Note: Assume there are 360 days in a year