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Because it is unlikely she will be able to visit you this year, your wealthy American aunt wants to send you a present for your

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Because it is unlikely she will be able to visit you this year, your wealthy American aunt wants to send you a present for your birthday. You expect she will give you USD 2501 in 6 months. Having taken this course, you know you can lock in the AUD rate for this USD receivable using a money market hedge. if (annualized) 6-month interest rates in the US are 8.2%-8.1%, 6-month interest rates in Australia are 3.6%-3.4%, and the current spot rate is 1.3 AUD/USD, what is the locked in AUD value of this present? a. 3328.0268 b. 3176.3421 c. 3324.7577 d. 1969.2467 e. 2443.3401

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