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Question 24 2.5 pts It just cost you today $ 1,000,000 in a money market strategy to hedge a UK Pound accounts payable due in

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Question 24 2.5 pts It just cost you today $ 1,000,000 in a money market strategy to hedge a UK Pound accounts payable due in 6 months. The expected spot rate 6 months from now is $ 1.4/5. Your company's annual cost of capital is 12%. What is the cost in US$ of the accounts payable when it is due? $ 1,400,000 $ 1,000,000 $943,396 e$ 1,060,000

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