Coleman Co
Subject:AccountingPrice: Bought3
Coleman Co., an Australian company, will pay 2.47 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$0.4465/MYR and 5.03% deposit rate of MYR. What is the cost of money market hedge for Coleman Co. with 4.38% borrowing rate of A$? (enter the whole number without sign or symbol).
