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The forward rate of the Swiss franc is $.50. The spot rate of the Swiss franc is $.48. The

following interest rates exist:

360-day borrowing rate

360-day deposit rate

U.S.

8%

5%

Switzerland

4%

3%

You need to purchase CHF100,000 in 360 days. If you use a money market hedge, the

amount of dollars you need in 360 days is:

2) The forward rate of the Swiss franc is $.50. The spot rate of the Swiss franc is $.48. The following interest rates exist: 360-day borrowing rate 360-day deposit rate U.S. 8% 5% Switzerland 4% 3% You need to purchase CHF100,000 in 360 days. If you use a money market hedge, the amount of dollars you need in 360 days is