Suppose the spot U$.$S$.$ dollar$/$BP exchange rate is $$1\mathrm{.}471429/$BP$,$ the U$.$S$.$ risk$-$free rate is $5\%($annual$)$ and the rate paid on BP is $3\%($annual$).$ Suppose a U$.$S$.$ bank provides one of its business customers with a forward contract in which the customer agrees to buy $10$ million BP from the bank one year forward at a forward price equal to IRPT. Assuming the bank can borrow and invest dollars and BP$$s at the above risk$-$free rates, explain how the bank would hedge its forward position.