Question: Question 38 2.5 pts You are thinking about using a money market hedge to manage the risk of a 1,000,000 accounts payable that is due
Question 38 2.5 pts You are thinking about using a money market hedge to manage the risk of a 1,000,000 accounts payable that is due in 3 months. Assume both the annual investment rate and borrowing rate are 4%. How much do you have to borrow or invest today? Invest 1,000,000 Borrow 990,099 Borrow 1,000,000 Invest 990,099
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