Your firm is a U.K.-based exporter of bicycles. You have sold an order to a Swiss firm for SFr. 1,000,000 worth of bicycles. Payment from the Swiss form (in Swiss francs) is due in 12 months. Use a money market hedge to redenominate this one- year receivable into a British pound-denominated receivable with a one-year maturity. Currency per U.S. $ Contract Size Country U.S. $ equiv. Britain 10.000 $1.9600 (pound) 0.5102 interest APR 12 months $2.0000 0.5000 rates forward 10,000 Euro $1.5600 0.6410 i$ - 1% 12 months $1.6000 0.6250 le 2% forward Swiss SFr. 10,000 $0.9200 SFr. 1.0870 lg 3% franc 12 months $1.0000 SFr. 1.0000 iSFr. 4% forward The following were computed without rounding. Select the answer closest to yours. 464.874,41 446,730.77