XYZ Company has an account receivable of 10,000 from a British company to be paid in three months. The additional information is as follows:

British pound spot rate: $2.0290

British pound 3-month forward rate: $2.0032

3-month interest rate in the US: 2%

3-month interest rate in the UK: 3%

1. What will be the approximate value of the account receivable in US dollars if the company makes a forward market hedge?

2. What will be the approximate value of the accounts receivable in US dollars if the company makes a money-market hedge?