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Business, 20.10.2021 08:40 briansalazar17

Your firm is a U. K.-based importer of bicycles. You have placed an order with a Swiss firm for SFr. 1,000,000 worth of bicycles. Payment (in Swiss francs) is due in 12 months. Use a money market hedge to redenominate this one-year receivable into a euro-denominated receivable with a one-year maturity. The following were computed without rounding. Select the answer closest to yours. A. £500,000
B.£464,874.41
C. £446,730.77
D. £509,900.99

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