Question: Do not copy and paste your answers from internet sources. Assume that Stevens Point Co. has net receivables of 100,000 Singapore dollars in 90 days.

Do not copy and paste your answers from internet sources.

Assume that Stevens Point Co. has net receivables of 100,000 Singapore dollars in 90 days. The spot rate of the Singapore dollar is $0.50 and the Singapore interest rate is 2 percent over 90 days. Suggest how the U.S firm could implement a money market hedge. Be precise.

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