Samesong Inc

question 35

Multiple Choice

Samesong Inc. needs 1,000,000 euros in 30 days. Samsong can earn 5 per cent annualized on a German security. The current spot rate for the euro is £0.67. Samesong can borrow funds in the UK at an annualized interest rate of 6 percent. If Samsong uses a money market hedge, how much should it borrow in the UK?

• A) £652,381
• B) £667,220
• C) £643,396
• D) £695,025

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Definitions:

Males

The term refers to the male gender or individuals who are biologically characterized by the XY chromosome pair.

Psychoactive Drug

Substances that affect the mind, altering mood, perception, consciousness, or behavior.

Dosage

The size or frequency of a dose of a medicine or drug that is prescribed to be taken at one time or at specific intervals.

User's Expectations

The assumptions or beliefs a user has about the functionality and efficiency of a system or service before interacting with it.