Question: ill leave a like! Question 2 2 pts Cray Research (a U.S firm) purchased a super computer from the Max Planck Institute in Germany on

ill leave a like!
ill leave a like! Question 2 2 pts Cray Research (a U.S

Question 2 2 pts Cray Research (a U.S firm) purchased a super computer from the Max Planck Institute in Germany on credit and invoiced 10,000,000 payable in six months. Currently, the six-month forward exchange rate is $1.089/ and the foreign exchange advisor for Cray Research predicts that the spot rate is likely to be $1.336/ in six months. (a) What is the expected gain/loss from the forward hedging? (measured in $, and round your answer to zero decimal, e.g. $56,699)

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