$11.$a$.$ The couch costs $3000$ Euro in France $-$ given the current exchange rate of $$1=0\mathrm{.}85$ Euro, if you had the money right away how much would it cost you in in dollars?

Next if you were to draw up a contract for a delivery to hedge your costs in the future at a forward rate of $$1=0\mathrm{.}80$ Euro, how much would you have put aside in dollars?

Were you lucky or not if the actual future rate ended up being $$1=0\mathrm{.}90$ Euro $-$ calculate and show!