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Use the following information to calculate the dollar cost of using a money market hedge to hedge 200,000 pounds of payables due in 180 days. Assume the firm has no excess cash. Assume the spot rate of the pound is $2.02, the 180-day forward rate is $2.00. The British interest rate is 5%, and the U.S. interest rate is 4% over the 180-day period.
German Immigrants
Individuals from Germany who migrated to another country, significantly impacting the cultural and social composition of their new communities, especially in the 19th and early 20th centuries.
Craftsmen
Skilled workers who create products using their hands, often employing traditional techniques in various trades such as carpentry, metalwork, or weaving.
Shopkeepers
Individuals who own or operate retail businesses, selling goods to the public in shops or similar establishments.
Catholic Church
A major worldwide Christian church led by the Pope, based in Vatican City.
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