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Vale is anticipating $10 billion dollars worth of an account receivable from China in 1 year. the current interest rate in China is 4% annually
Vale is anticipating $10 billion dollars worth of an account receivable from China in 1 year. the current interest rate in China is 4% annually and the current interest rate in Brazil is 10%. the current exchange rate is 2.885 RMB per Reais. How many Reais will vale get in one year with a money market hedge?
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