Mattel Toys.$$Mattel is a$$ U$.$S$.-$based company whose sales are roughly$$ two$-$thirds in dollars$($Asia and the$$ Americas$)$ and$$ one$-$third in euros$($Europe$).$ In$$ September, Mattel delivers a large shipment of toys$($primarily Barbies and Hot$$ Wheels$)$ to a major distributor in Antwerp. The$$ receivable, euro$36$million$,$ is due in $90$ days, standard terms for the toy industry in Europe.$$ Mattel's treasury team has collected the following currency and market quotes in the popup$$ window: LOADING.... The$$ company's foreign exchange advisors believe the euro will be at about $$$$1\mathrm{.}4217/$euro in $90$ days.$$ Mattel's management does not use currency options in currency risk management activities. Assume a$360-$day financial year.

a$.$ How much in U$.$S$.$ dollars will Mattel receive in $90$ days without a hedge if the expected spot rate in $90$ days is the same as the current spot rate of $$$$1\mathrm{.}4152/$euro$?$ The Credit Suisse forward rate of $$$$1\mathrm{.}4187/$euro$?$ The Barclays forward rate of $ $1\mathrm{.}4183$ divided by euro$?$ The expected spot rate of $$$$1\mathrm{.}4217/$euro$?$

b$.$ How much in U$.$S$.$ dollars will Mattel receive in $90$ days if the accounts receivable is covered by the Credit Suisse$90-$day forward$$ contract? The Barclays$90-$day forward$$ contract?

c$.$ How much in U$.$S$.$ dollars will Mattel receive in $90$ days with a money market$$ hedge?$$

d$.$ Advise Mattel on which hedging alternative is probably preferable.