Samesong Ltd

question 29

Multiple Choice

Samesong ltd. needs €1,000,000 in 30 days. Samesong can earn 5 percent 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 per cent. If Samesong uses a money market hedge to hedge the payable, what is the cost of implementing the hedge?

• A) £641,832
• B) £680,152
• C) £670,556
• D) £670,000

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Definitions:

Interview

An interview is a conversation where questions are asked and answers are given, often used for evaluative purposes such as job hiring.

Internal Factors

Elements within a company that influence its ability to achieve its goals, including staff morale, organizational culture, and internal policies.

Job Search

A job search is the process of looking for employment, through various means such as online job boards, networking, or direct application to companies.

Thank-You Message

A communication expressed to show gratitude or appreciation towards someone for their actions, help, or considerations.