In the US market, the spot rate for the Dutch guilder is 0.6344 dollars per guilder. The 60-day riskless rate in the US is 5.56% per annum, compounded annually. The 60-day riskless rate in the Netherlands is 5.12% per annum., compounded annually.

a) If you want to make a payment of 120 million guilders in 60 days without exposing yourself to exchange rate risk (Money Market Hedge), what is the cost to you today of making that payment?6pts

a.$77,345,056

b.$37,748,543

c.$38754534

d.$75,497,086