Question: PROBLEM 3 (10 Points) A Moroccan company operating in textile has net receivables of 100.000.000 Turkish Lira in 90 days. The spot rate of the

PROBLEM 3 (10 Points)

A Moroccan company operating in textile has net receivables of 100.000.000 Turkish Lira in 90 days. The spot rate of the Turkish Lira is 1 TRY= 1.58 MAD and the Turkish interest rate is 6% annualized.

Describe and show in details how the Moroccan firm could implement a money market hedge? Show all your calculation

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