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Problem 4 Intro Bay Area Sports Car is a luxury car dealership importing cars from Europe. The company will need 100,000 euros () in one
Problem 4 Intro Bay Area Sports Car is a luxury car dealership importing cars from Europe. The company will need 100,000 euros () in one year to pay its German suppliers. The spot rate is $1.15 per euro and the one-year forward rate is $1.151 per euro. The U.S. interest rate is 8% and the euro interest rate is 3%. Part 1 | Attempt 1/10 for 10 pts. What amount of euros is required now if the company wants to create a money market hedge (in )? + decimals Submit
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