Question: pls answer fast Question 4 6 pts Assume you are a US importer with an account payable denominated in New Zealand dollars to be paid

pls answer fast pls answer fast Question 4 6 pts Assume you are a US

Question 4 6 pts Assume you are a US importer with an account payable denominated in New Zealand dollars to be paid in one year, in the amount of NZD 2,600,000. The current spot rate is 0.64 and the forward rate is 0.67, in number of USD for one NZD. Additionally, one-year interest rates are 3.4 in the US and 6 in Singapore, in %. What would be the US dollar amount of the hedged payable using a money market hedge? Enter your answer with no decimals

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