2. 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 S$ is $.50, and the Singapore interest rate is 2% over 90 days. Suggest how the U.S. firm could implement a money market hedge. Be precise.© BrainMass Inc. brainmass.com June 3, 2020, 9:11 pm ad1c9bdddf
The firm could borrow the amount of Singapore dollars so that the 100,000 Singapore ...
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