Exhibit 11-1 U.S. Jordan 360-day borrowing rate 6% 5% 360-day deposit rate 5% 4% Refer to Exhibit 11-1. Pablo Corp. will need 150,000 Jordanian dinar (JOD) in 360 days. The current spot rate of the dinar is $1.48, while the 360-day forward rate is $1.46. What is Pablo's cost from implementing a money market hedge (assume Pablo does not have any excess cash)? $224,135. $226,269. $224,114. $223,212 Exhibit 11-1 U.S. Jordan 360-day borrowing rate 6% 5% 360-day deposit rate 5% 4% Refer to Exhibit 11-1. Pablo Corp. will need 150,000 Jordanian dinar (JOD) in 360 days. The current spot rate of the dinar is $1.48, while the 360-day forward rate is $1.46. What is Pablo's cost from implementing a money market hedge (assume Pablo does not have any excess cash)? $224,135. $226,269. $224,114. $223,212