Business, 12.03.2020 05:35 cxttiemsp021

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

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Your firm is a Swiss exporter of bicycles. You have sold an order to a French firm for €1,000,000 wo...

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