Your firm is a U.K.-based exporter of bicycles. You have sold an order to a French firm for 1,000,000 worth of bicycles. Payment from the French firm (in euro) is due in 12 months. Use a money market hedge to redenominate this one-year receivable into a pound-denominated receivable with a one-year maturity. The following were computed without rounding. Select the answer closest to yours. Multiple Choice 780,312.13 800,000 803,721.49 72,352.94
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