Your firm is a Swiss importer of bicycles. You have placed an order with an Italian firm for

$1,000,000$ worth of bicycles. Payment $($in euro$)$ is due in $12$ months. Use a money market hedge

to redenominate this one$-$year receivable into a Swiss franc$-$denominated payble with a one$-$year

maturity.

The following were computed without rounding. Select the answer closest to yours. Please use picture, text is missing data.

SFr$.1,728,900\mathrm{.}26$

SFr$.1,600,000$

SFr$.1,544,705\mathrm{.}88$

SFr$.800,000$

SFr$.1,662,726\mathrm{.}89$