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Use the following information for the next two questions. You believe that IRP presently exists. The nominal annual interest rate in Mexico is 12%. The

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Use the following information for the next two questions. You believe that IRP presently exists. The nominal annual interest rate in Mexico is 12%. The nominal annual interest rate in the U.S. is 2%. You expect that annual inflation will be about 8% in Mexico and 5% in the US. The spot rate of the Mexican peso is $.15 per Mexican peso. You will receive 1 million Mexican pesos in one year. Question 11 0/7.14 points Determine the amount of dollars that you will receive if you use a forward hedge. $153,279.12 5136.607.14 511647101 $127,500.00

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