Question: Please answer part C and D P&G India. Procter and Gamble's affiliate in India, P&G India, procures much of its toiletries product line from a
P\&G India. Procter and Gamble's affiliate in India, P\&G India, procures much of its toiletries product line from a Japanese company. Because of the shortage of working capital in India, payment terms by Indian importers are typically 180 days or longer. P\&G India wishes to hedge an 8.3 million Japanese yen payable. Although options are not available on the Indian rupee (Rs), forward rates are available against the yen. Additionally, a common practice in India is for companies like P\&G India to work with a currency agent who will, in this case, lock in the current spot exchange rate in exchange for a 5.11% fee. Using the exchange rate and interest rate data in the popup window, , compare alternate ways below that P\&G India might deal with its foreign exchange exposure. Assume a 360-day financial year. a. How much in Indian rupees will P\&G India pay in 180 days without a hedge if the expected spot rate in 180 days is assumed to be 2.51309/ Rs? 2.4349/Rs?$2.5718/ Rs? b. How much in Indian rupees will P\&G India pay in 180 days with a forward market hedge? c. How much in Indian rupees will P\&G India pay in 180 days with a money market hedge? d. How much in Indian rupees will P\&G India pay in 180 days with a currency agent hedge
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