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Question 10 2 pts ABC, a U.S. based MNC, plans to use a money market hedge to hedge its payment of 5 million New Zealand

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Question 10 2 pts ABC, a U.S. based MNC, plans to use a money market hedge to hedge its payment of 5 million New Zealand dollars (NZD) for NZ goods in 2 years. The nominal annual U.S. interest rate is 6% while that of NZ is 10%. The spot rate of the NZD is $0.68 while the 2 year forward rate is $0.63. What is the amount of U.S. dollars needed in 2 years if a money market hedge is used rounded to the nearest whole dollar amount? Time Ru Attempt du 28 Minut $3,276,637 o $3,157,223 $3.276.364 $5,000,000

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