A U$.$S$.$ firm needs $50$ million in $60$ days. The current spot rate is $$0\mathrm{.}0092$ per yen. If the firm can invest in Japanese securities at $1\mathrm{.}2\%$ annualized and borrow in USD at $3\%,$ what is the approximate cost using a money market hedge? A$$460,000$ B$$465,000$ C$$470,000$ D$$475,000$ Answer: A

What are they doing to get A$?$ I was able to get $$461,377$ This was given by a professor, I$$m not sure if theres any rounding or I$$m missing something.