A co is a co based in UK and B is an American co. The A co has to pay 5m dollars to B in 3 months. A co decided to use money market to hedge potential risk. The annual interest rates available to A and B are as follows Borrowing rate Investing rate A co 4% 2.8% B co 4.8% 3.1% The spot rate is 1.595US$/£, How much will A pay after 3 months?