average. Embraer has concluded an agreement with a regional U.S. airline to produce and deliver four aircraft one year from now for $81 million. probably be pricing a forward off the current 4.25% U.S. dollar eurocurrency rate and the 95.00% Brazilian government bond rate. Advise Embraer on its currency exposure. How much of net cash position in Brazilian reais will Embraer receive in one year without a hedge if the expected spot rate in one year is expected to be RS1.8136/\$? (Round to the nearest whole number.) How much in Brazilian reais will Embraer receive in one year if the net cash position is covered by a one-year forward contract? F (Round to the nearest whole number.) "In this case because the real is selling forward at a considerable discount, the net long position-if sold forward-yields considerably more reais than the current spot rate." The above statement is (Select from the drop-down menu.)