QUESTION 13 Kawai Ltd., a Japanese company, will receive RM188,000,000 in three months for an order of 15,000 upright pianos. It faces the following interests and exchange rates: Spot rate: 25.74/RM Forward rate (30 days) Forward rate (90 days) V25.78/RM V25.83/RM 2.5% 1.5% 90 day call option on Yen at 125.80/RM 90-days put option on Yen at 25.76/RM Malaysian Ringgit 90-day interest rate (annualized) Japanese Yen 90-day interest rate (annualized) 8.896 7.6% If the Kawai Ltd. hedges in the money market what will be its Yen proceeds in three months? Please select the most suitable answer a. 4824.915 million b 4765.764 million 4742.309 million d 4734.951 million Click Save and submit to save and submit. Click Save All Answers to save all answers Save All Answers Close