Question: QUESTION 84 U.S. Jordan 360-day borrowing rate 6% 5% 360-day deposit rate 5% 4% Refer to Exhibit 11-1. Pablo Corp. will need 150,000 Jordanian dinar

QUESTION 84 U.S. Jordan 360-day borrowing rate 6% 5% 360-day deposit

QUESTION 84 U.S. Jordan 360-day borrowing rate 6% 5% 360-day deposit rate 5% 4% Refer to Exhibit 11-1. Pablo Corp. will need 150,000 Jordanian dinar (JOD) in 360 days. The current spot rate of the dinar is $1.48, while the 360-day forward rate is $1.46. What is Pablo's cost from implementing a money market hedge (assume Pablo does not have any excess cash)

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