Rate Table 1 US Dollar
US Dollar	1.00 USD	Inv. 1.00 USD
Euro	0.849341	1.177384
British Pound	0.767078	1.303649
Indian Rupee	63.646822	0.015712
Australian Dollar	1.261092	0.792963
Canadian Dollar	1.264788	0.790646
Singapore Dollar	1.366360	0.731872
Swiss Franc	0.972909	1.027845
Malaysian Ringgit	4.280730	0.233605
Japanese Yen	110.678297	0.009035
Chinese Yuan Renminbi	6.728534	0.148621

Forward Contracts	B. Pounds per 1$
30 days	BP 0.75432/$
60 days	BP 0.73458/$
90 days	BP 0.71997/$

Referring to question 17, suppose you are not paid immediately. Instead, the importer agrees to pay in 60 days. What can you do to hedge your position if you are not paid for 60 days? Buy an option Lock in a forward contract Pay for the beds now instead of 60 days Buy an insurance contract