Mathematics · Money Market Hedge
An Indian importer can hedge a 1millionpayableduein3monthsusingamoney−markethedge.USDborrowinginterestrate=6. How much INR should be deposited today to meet the payment, assuming simple interest matching?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹83,000,000
- 2₹82,500,000
- 3₹81,400,000
- 4₹80,485,222✓
Correct answer
₹80,485,222
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