Exhibit 11-1 -Refer to Exhibit 11-1

Multiple Choice

Exhibit 11-1
$\begin{array}{lll} & \text { U.S. } & \text { Jordan } \\360 \text {-day borrowing rate } & 6 \% & 5 \% \\360 \text {-day deposit rate } & 5 \% & 4 \%\end{array}$

-Refer to Exhibit 11-1. Perkins Corp. will receive 250,000 Jordanian dinar (JOD) in 360 days. The current spot rate of the dinar is $1.48, while the 360-day forward rate is $1.50. How much will Perkins receive in 360 days from implementing a money market hedge (assume any receipts before the date of the receivable are invested) ?

A) $377,115.
B) $373,558.
C) $363,019.
D) $370,000.