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Stylelogic Inc. needs €1,000,000 in 30 days. They can earn 5 percent annualized on a German...

Stylelogic Inc. needs €1,000,000 in 30 days. They can earn 5 percent annualized on a German security. The current spot rate for the euro is $1.00. Samson can borrow funds in the United States at an annualized interest rate of 6 percent. If Samson uses a money market hedge, how much should it borrow in the United States

Group of answer choices

$952,381

$995,851

$943,396

$995.025

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