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Suppose ABCDE Corp. owes 1 , 0 0 0 , 0 0 0 due in 1 month, and can trade at the following quotes: Spot

Suppose ABCDE Corp. owes 1,000,000 due in 1 month, and can trade at the following quotes:
Spot : $1.0492,1-month forward : $1.0563,1-month interest rate for EUR (): 2.4% per annum (i.e. per year),1-month interest rate for USD ($): 3.6% per annum.
How much would ABCDE Corp. need to pay using forward-rate hedging?
Group of answer choices
$1,056,300
$1,061,000
$1,047,900
$1,152,400

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