Question Completion Status: QUESTION 7 12.5 points Another US company that will receive 400,000 in six months, chooses the money market hedge. Therefore which of the following is the closest amount that this US company needs to borrow now in for repayment in 6 months when the 6-month borrowing rate is 8%? O 370,370.37 O 361,643.14 O 384,615.39 O None QUESTION 8 12.5 points A US firm, Tesla, made a 1,000,000 sale to Germany in September 2020 and will be paid in three months - in December 2020. Now, spot exchange rate is /$ 1.15 and the three-month forward rate is /$ 1.18. What is the forward proceeds in December 2020 if Tesla chooses forward hedge (forward contract) for hedging? O $ 1,150,000 O $ 1,180,000 O $ 1,120,000 O $1,130,000 QUESTION 9 12.5 points (Extra Credit) Which of the following is a hedging strategy for a company exposed to foreign currency risk? Forward hedging Option hedging O Money market hedging O All Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers