Your firm is a U.K.-based exporter of bicycles.You have sold an order to a French firm for €1,000,000 worth of bicycles.Payment from the French firm (in euro) is due in 12 months.Use a money market hedge to redenominate this one-year receivable into a pound-denominated receivable with a one-year maturity. 
The following were computed without rounding.Select the answer closest to yours.
A) £803,721.49
B) €800,000
C) £780,312.13
D) £72,352.94
Correct Answer:
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