Homework: Chapter 10 Homework Question 3, Problem 10-13 (algorithmic) Part 1 of 3 HW Score: 0%, 0 of 15 points O Points: 0 of 5 Save Burton Manufacturing. Jason Stedman is the director of finance for Burton Manufacturing, a U.S.-based manufacturer of handheld computer systems for inventory management. Burton's system combines a low-cost active tag that is attached to inventory items (the tag emits an extremely low-grade radio frequency) with custom designed hardware and software that tracks the low-grade emissions for inventory control. Burton has completed the sale of an inventory management system to a British firm, Pegg Metropolitan (UK), for a total payment of 1,800,000. The exchange rates shown in the popup window. were available to Burton on the dates shown, corresponding to the events of this specific export sale. Assume each month is 30 days. . a. What will be the amount of foreign exchange gain (loss) upon settlement? b. If Jason hedges the exposure with a forward contract, what will be the net foreign exchange gain (loss) on settlement? a. What will be the amount of foreign exchange gain (loss) upon settlement? Enter a positive number for a gain or a negative number for a loss. $ (Round to the nearest dollar.) - X Data table Event Spot Rate ($/) Days Forward Date February 1 March 1 Forward Rate (S/E) 1.7707 1.7778 1.7371 210 180 1.7287 1,800,000 June 1 Price quotation for Pegg Contract signed for sale Contract amount, pounds Product shipped to Pegg Product received by Pegg Pegg makes payment Click on the icon located on the top-right comer of the data table in order to copy its contents into a spreadsheet. 1.7573 1.7494 90 August 1 1.7914 1.7880 30 September 1.7243 Print Done D Clear all Check answ Homework: Chapter 10 Homework Question 3, Problem 10-13 (algorithmic) Part 1 of 3 HW Score: 0%, 0 of 15 points O Points: 0 of 5 Save Burton Manufacturing. Jason Stedman is the director of finance for Burton Manufacturing, a U.S.-based manufacturer of handheld computer systems for inventory management. Burton's system combines a low-cost active tag that is attached to inventory items (the tag emits an extremely low-grade radio frequency) with custom designed hardware and software that tracks the low-grade emissions for inventory control. Burton has completed the sale of an inventory management system to a British firm, Pegg Metropolitan (UK), for a total payment of 1,800,000. The exchange rates shown in the popup window. were available to Burton on the dates shown, corresponding to the events of this specific export sale. Assume each month is 30 days. . a. What will be the amount of foreign exchange gain (loss) upon settlement? b. If Jason hedges the exposure with a forward contract, what will be the net foreign exchange gain (loss) on settlement? a. What will be the amount of foreign exchange gain (loss) upon settlement? Enter a positive number for a gain or a negative number for a loss. $ (Round to the nearest dollar.) - X Data table Event Spot Rate ($/) Days Forward Date February 1 March 1 Forward Rate (S/E) 1.7707 1.7778 1.7371 210 180 1.7287 1,800,000 June 1 Price quotation for Pegg Contract signed for sale Contract amount, pounds Product shipped to Pegg Product received by Pegg Pegg makes payment Click on the icon located on the top-right comer of the data table in order to copy its contents into a spreadsheet. 1.7573 1.7494 90 August 1 1.7914 1.7880 30 September 1.7243 Print Done D Clear all Check answ