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K-Roo Ltd. is expecting to receive USD 5437 in 10 months from sales to a US customer. K-Roo wants to use a money market hedge

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K-Roo Ltd. is expecting to receive USD 5437 in 10 months from sales to a US customer. K-Roo wants to use a money market hedge to lock in the AUD value of the receivable. It observes the following interest and exchange rates: Annualized Australian 10-month interest rates: 3.1%-2.7% Annualized US 10-month interest rates: 7.9%-7.7% Spot AUD/USD rate: AUD2.8/USD. What is the AUD value of this receivable using a money market hedge? O a. 15868.7729 O b. 14604.6577 O c. 15842.9491 d. 2024.0782 e. 5215.9492

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