Coleman Co., an Australian company, will pay 2.47 million Malaysian ringgit (MYR) to its' Malaysian...
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Coleman Co., an Australian company, will pay 2.47 million Malaysian ringgit (MYR) to its' Malaysian supplier in one-year. To avoid transaction exposure, the company wants to take the money market hedge strategy using the spot rate A$0.4465/MYR and 5.03% deposit rate of MYR. What is the cost of money market hedge for Coleman Co. with 4.38% borrowing rate of AS? (enter the whole number without sign or symbol)
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