Intro You are CFO of a UK-based exporter, which have sold an order to a French firm for 1,000,000 worth of bicycles. Payment from the French firm (in euro) is due in 12 months. Use a money market hedge to redenominated this one-year receivable into a pound-denominated receivable with a one-year maturity. Contract Size 10,000 interest APR Country Britain pound 12 months forward Euro 12 months forward rates U.S. $ equiv. $ 1.89 $ 1.96 $ 1.49 $ 1.56 $ 1.02 $ 1.05 Currency per U.S. $ 0.5291 0.5102 0.6711 0.641 SFr. 0.9804 10,000 Is - 1 % le - 1.6 % 2.7 % SFr. 10,000 Swiss franc LE 12 months forward SFr. 0.9524 ISF 3.5 % - Attempt 1/10 for 10 pts. Part 1 What's the amount of this pound-denominated receivable with a one-year maturity? 0+ decimals Submit