How could dell protect receivable using a money

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Apple Computer has a £1 million receivable that it expects to collect in one year. Suppose the interest rate on pounds is 15%. How could Dell protect this receivable using a money market hedge?

a) borrow £1 million pounds today

b) borrow £869,565 pounds today

c) borrow £869,565 pounds today

d) lend £986,754 pounds today

Reference no: EM133121440

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