Question: A Welsh company will receive 2 5 0 , 0 0 0 on March 1 and wants to cover its XR risk exposure. The company

A Welsh company will receive 250,000 on March 1 and wants to cover its XR risk exposure. The company can be protected with two futures contracts (125,000) due on March 24. The spot scenario as of March 1 is:
January 6 March 1
Spot 0.91060.9064
March futures 0.91240.9082

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