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'LJIBPIEI' UH - MEDBBEIIIE'H'E DI ll'l'll'l EXPIUSUI'E 45. Your firm is an Italian exporter of bicycles. You have sold an order to a Swiss firm

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'LJIBPIEI' UH - MEDBBEIIIE'H'E DI ll'l'll'l EXPIUSUI'E 45. Your firm is an Italian exporter of bicycles. You have sold an order to a Swiss firm for SFr. 2,000,000 worth of bicycles. Payment from the customer (in Swiss francs) is due in 12 months. Use a money market hedge to redenominate this one-year franc denominated receiyahle into a euro-denominated receivable with a one-year maturity. Contract _ rates __ mm \" \" E The following were computed without rounding. Select the answer closest to yours. A. 1,110,02632 B. 1,250,000 C. 1,134,122.20 D. 1,155,004.?3

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