单选题 A company whose home currency is the dollar ($) expects to receive 500,000 pesos in six months’ time from a customer in a foreign country. The following interest rates and exchange rates are available to the company:

A、 $32,500
B、 $33,700
C、 $31,800
D、 $31,900

【正确答案】 A

【答案解析】The hedge needs to create a peso liability to match the 500,000 peso future income. 6-month peso borrowing rate = 8/2 = 4% 6-month dollar deposit rate = 3/2 = 1·5% Dollar value of money market hedge = 500,000 x 1·015/(1·04 x 15) = $32,532 or $32,500