Question 57 3 points Save Answer Your firm a Swiss exporter of bicycles. You have sold an order to a French firm for 3,000,000 worth of bicycles. Payment from the French firm (in euro) is due in 12 months. Use a money market hedge to redenominate this one-year receivable into a Swiss franc - denominated receivable with a one-year maturity. 12M Pair Int rates GBP/USD Spot 1.3053 2.7% UK 1.319 FWD EUR/USD Spot 1.1251 2.9% Euro zone 12M 1.14 FWD USD/CHF Spot 0.9365 0.6% Swiss 12M 0.9413 FWD USD 3.1%