correct answer is given. looking for the steps to get there

bu Answered rrect Answer As a European(EUR) exporter selling to Australia(AUD) and being paid in 6 months you are given the following information: Transaction size 507,268 Au Istment rate Borrowing rate ANNUAL ANNUAL Australia Europe 1.2 % Spot Rate (bid-ask) 1.404 A/E How much would you receive if you hedged with the money market hedge? 348,151.16 345.201 margin of error +/-10 Possible errors did you divide the borrowing rates by 2 since you're receiving the money in 6 months? Then convert and invest for 6 months? 6.3% 8.8% 5:3% 1416 A/E