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Samesong ltd. needs 1,000,000 in 30 days. Samesong can earn 5 percent annualized on a...

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Finance

Samesong ltd. needs 1,000,000 in 30 days. Samesong can earn 5 percent annualized on a German security. The current spot rate for the euro is 0.67. Samesong can borrow funds in the UK at an annualized interest rate of 6 per cent. If Samesong uses a money market hedge to hedge the payable, what is the cost of implementing the hedge?

641,832

680,152

670,556

670,000

Answer & Explanation Solved by verified expert
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