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Question points) Forward vs. Money Market Hedge (10 Assume the following information: 180-day US inferest rate = 896 180-day British interest rate = 9% 180-day

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Question points) Forward vs. Money Market Hedge (10 Assume the following information: 180-day US inferest rate = 896 180-day British interest rate = 9% 180-day forward rate of British pound = $1.50 Spot rate of British pound = $1.48 Assume that Riverside Corp. from the US will receive 400,000 pounds in 180 days. It wishes to hedge this receivables position. Would it be better off using a forward hedge or a money market hedge? Substantiate your answer with estimated revenue for each type of hedge

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