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Assume that Parker Company will receive SF 200,000 in 360 days. Assume the following interest...

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Finance

Assume that Parker Company will receive SF 200,000 in 360 days. Assume the following interest rates:

UK Switzerland

360-day borrowing rate 7% 5%

360-day deposit rate. 6% 4%

Assume the forward rate of the Swiss franc is 0.44 and the spot rate of the Swiss franc is 0.42. If Parker Company uses a money market hedge, what equivalent amount could it receive in 360 days?

101,904

101,923

88,769

84,919

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