Solution for QID #31493: Coleman Co., an Australian company, will pay 2.98 million Ma | StudyHelpMe

Coleman Co., an Australian company, will pay 2.98 million Malaysian ringgit (MYR) to its' Malaysian supplier in one-year. To avoid transaction exposure, the company wants to take the money market hedge strategy using the spot rate A$0.4300/MYR and 5.57% deposit rate of MYR. What is the cost of money market hedge for Coleman Co. with 4.23% borrowing rate of A$? (enter the whole number without sign or symbol).