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Suppose the Cross Line corporation expects to receive 1,000,000 euros from a German importer in 3 months and the borrowing interest rate will be 10%

Suppose the Cross Line corporation expects to receive 1,000,000 euros from a German importer in 3 months and the borrowing interest rate will be 10% per annum. If it decides to use the money market hedge against the future exchange rate movement between euro and dollar, what is the amount of euros it should borrow?

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