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Question 14 An American firm is owed 2,400,000.00 payable in one year. The current spot it $1.1250/. An European bank is paying 1.50% on deposits

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Question 14 An American firm is owed 2,400,000.00 payable in one year. The current spot it $1.1250/. An European bank is paying 1.50% on deposits or will lend at 5.50%. A U.S. bank is paying 2.00% or will lend at 4.50%. The firm will hedge this exposure with money market hedging. How much will they get in one year? O $2,610,426.54 $2,559,241.71 $2,821,500.00 $2,674,407.59 None of the above

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