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You are a South Korean (KRW) importer buying from the United States (USD) and being paid in 1 year, you are given the following information:

You are a South Korean (KRW) importer buying from the United States (USD) and being paid in 1 year, you are given the following information: Transaction size 8,153 US dollars Investment rate Borrowing rate ANNUAL ANNUAL United States 1.2% 3.6 % South Korea 6.0% 8.8% Spot Rate 1.108.80 Sk/$ 1.129.27 Sk/S How much would you receive if you hedged with the money market hedge? Lenovo **

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