You are a sales manager for Google Nexus and export cellular phones from the United States to other countries. You have just signed a deal to ship phones to a British distributor. The deal is denominated In pounds, and you will receive 900,000 when the phones arrive in London in 1 year. Assume that you can borrow and lend at 7% pa in U.S. dollars and at 10% p.a. in British pounds. Both interest rate quotes are for one year. The spot exchange rate is $1.4945/, and the 1 year forward exchange rate is $1.4802/. You decide to hedge the risk with a money market hedge (synthetic forward contract). What is the money market hedge dollar revenue? $1,308,367 $1.031,878 O $1,036,140 $1.332.180 None of the above 3 pts