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To hedge the exposure in the previous problem, Ragnetto can alternatively use a money market hedge. Ragnetto can borrow/lend U.S. dollars at an annualized interest

To hedge the exposure in the previous problem, Ragnetto can alternatively use a money market hedge. Ragnetto can borrow/lend U.S. dollars at an annualized interest rate of 12% and Taiwanese dollars at an annualized interest rate of 8%. What is the hedged dollar value of the receivable in 3 months (if Ragnetto were to use a money market hedge)

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