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The 360-day borrowing and deposit rate in the U.S. is 7.57% and 4.53%, respectively. The 360-day borrowing and deposit rate in Jordan is 5.61% and
The 360-day borrowing and deposit rate in the U.S. is 7.57% and 4.53%, respectively. The 360-day borrowing and deposit rate in Jordan is 5.61% and 2.4%, respectively. Pablo Corp. will need 158522 Jordanian dinars (JOD) in 360 days. The current spot rate of the dinar is $1.59. What is Pablo's cost from implementing a money market hedge? (Please round your answer to a dollar, e.g. 3506. Dont include a comma and $ in your answer.)
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