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Question 6 (1 point) Forward versus Money Market Hedge on Receivables. Assume the following information: 180-day U.S. interest rate = 0.07 180-day British interest rate

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Question 6 (1 point) Forward versus Money Market Hedge on Receivables. Assume the following information: 180-day U.S. interest rate = 0.07 180-day British interest rate = 0.10 180-day forward rate of British pound - $1.49 Spot rate of British pound - $1.47 Assume that Rockville Corp. from the United States will receive 422,000 pounds in 180 days. How much more or less) would the firm receive in 180 days if it uses a forward hedge instead of a money market hedge? Your Answer: Ancwer

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