Question: please provide step by step excel instructions 18. Stover Corporation, a U.S. based exporter, makes sales of computer chips to a firm in Switzerland for

please provide step by step excel instructions

18. Stover Corporation, a U.S. based exporter, makes sales of computer chips to a firm in Switzerland for 66,600 Swiss francs revenues, or $40,000, at the spot rate of 1.665 francs per dollar. The terms of the sales are net 90 days, and the U.S. firm wants to cover this trade receivables with a forward market hedge to eliminate its exchange rate risk. Suppose the firm completes a forward hedge at the 90-day forward rate of 1.682 francs. If the spot rate in 90 days later is actually 1.689 francs, how much will the U.S. firm have saved or lost in U.S. dollars by hedging its exchange rate exposure? (6 points)

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