FindFind

International Financial Management

14th Edition
Madura
Publisher: Cengage
ISBN: 9780357130698
FindFind

International Financial Management

14th Edition
Madura
Publisher: Cengage
ISBN: 9780357130698

Solutions

Chapter 11, Problem 2QA
Textbook Problem

Money Market Hedge on Receivables

Assume that Stevens Point Co. has net receivables of 100,000 singapore dollars in 90 days. The spot rate of the singapore dollar is $0.50, and the singapore interest rate is 2 percent over 90 days. Suggest how the U.S. firm could implement a money market hedge. Be precise.

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