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Can You help me with this? Ill rate 5 stars Money Market Hedge on Payables. Blake Inc. needs 1,000,000 in 30 days. It can earn

Can You help me with this? Ill rate 5 stars image text in transcribed
Money Market Hedge on Payables. Blake Inc. needs 1,000,000 in 30 days. It can earn 5% annualized on a German security. The current spot rate for the euro is $1.00. Blake can borrow funds in the United States at an annualized interest rate of 6%. If Blake uses the money markets to hedge the payable, what is the cost of implementing the hedge

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