You are going to be paid 500,000 CHF (Swiss francs) in one year, but you would prefer dollars. If you wish to hedge your exchange rate risk on this transaction using a forward market hedge, how many Swiss francs should you borrow (or lend) today to set up your hedge? The spot rate is $1.021 per CHF, the one year forward rate is $0.914 per CHF, and your dollar cost of debt is 6.6%. Represent borrowing as positive numbers, lending as negative numbers, and please give your answer to the nearest franc.

the answer is 419,887.797 but how do you get there?