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Perkins corp. will have to pay 250,000 euro in 360 days. The current spot rate of the euro is $1.28, while the 360-day forward rate

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Perkins corp. will have to pay 250,000 euro in 360 days. The current spot rate of the euro is $1.28, while the 360-day forward rate is $1.30. How much will perking pay in dollars in 360 days if it implements a money market hedge? The interest rates are given below. Show detail calculations. 360-day borrowing rate 6% 5% 360-day deposit rate 5% 4%

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