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Procter and Gamble's affiliate in India, P&G India, procures much of its toiletries product line from a Japanese company. P&G India wishes to hedge an

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Procter and Gamble's affiliate in India, P&G India, procures much of its toiletries product line from a Japanese company. P&G India wishes to hedge an 9.5 million Japanese yen payable. Assume a 360-day financial year, how much in Indian rupees willP&G India pay in 180 days without a hdge if the expected spot rate in 180 days is assumed to be 2.4742/Rs? O a. Rs4,100,003 O b. Rs3,139,325 Oc. Rs3,839,625 O d. Rs3,149,417

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