A USCompany Has a 40,000 Euro Loan in Germany That Must

A U.S.Company has a 40,000 euro loan in Germany that must be paid in 30 days.Assume the 30-day money market rates in the U.S.and Germany are both 2% for lending and 3.5% for borrowing.The current exchange rate is 1.55 dollars per euro.If the company wants to complete a money-market hedge,how many dollars will be needed to purchase euros in the spot market?

A) $36,213.60
B) $40,000.00
C) $59,903.38
D) $60,784.32