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Intel has a receivable due in three months in the amount of 530,000. The current bid-ask quotes for the spot exchange rate are 1.701.80 $/.

Intel has a receivable due in three months in the amount of 530,000. The current bid-ask quotes for the spot exchange rate are 1.701.80 $/. Three-month U.K. and U.S. interest rates are respectively 6% and 8% per annum, compounded quarterly. If Intel uses money market hedge, what is the total USD cash flow 3 months later? Show work.

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