Assume that QWER Co. has net receivables of 150,000 Singapore dollars in 90 days. The spot rate of the S$ is $.65, and the Singapore interest rate is 3% over 90 days. What is the dollar revenue in 90 days from the money market hedge? A. 124,350 B. 94,660 C. 89,765 D. 115,980 E. 109,874

Assume that QWER Co. has net receivables of 150,000 Singapore dollars in 90 days. The spot rate of the S$ is $.65, and the Singapore interest rate is 3% over 90 days. What is the dollar revenue in 90 days from the money market hedge? A. 124,350 B. 94,660 C. 89,765 D. 115,980 E. 109,874

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter11: Managing Transaction Exposure

Section: Chapter Questions

Problem 33QA

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