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Question 47 1 pts Please use the following information to answer the question below. A US firm's Accounts Payables due in 1 year is CHF
Question 47 1 pts Please use the following information to answer the question below. A US firm's Accounts Payables due in 1 year is CHF 10,000,000 Current Spot rate for CHF IS (SR) $1.20 Annual interest rate in USSR 5% Annual interest rate in Switzerland is (: 2% Suppose the firm wants to set up a money market hedge to meet their payables in USD in one year. Today, the firm needs to borrow and invest USD 11.764,706: CHF 9,803,922 CHF9,803,922:USD 10,000,000 CHF 10,000,000:USD 11,764,706 USD 9,803,922: CHF 11.764,706
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