1. ABC Corp has Accounts Receivable of FC 400,000 and Accounts Paya March 31 and April 30, 2010. The applicable exchange rates at as of FC 300,000 on both that date were as follows: March 30 Spot rate Forward rate (1 month) IFC= .35 US IFC=.36 US April 30 IFCz .37 US 1FCz .39 US What is the FX transaction gain or loss on Accounts Receivable on April a. 30,2010? b. What is the FX transaction gain or loss on Accounts Payable on April 30, 20102 If on March 31, ABC wishes to hedge its exposure to changing exchange rates what is the appropriate action it will ake. Answer by saying whether ABC will enter a spot contract or forward contract and say whether the contract will involve purchasing FC and selling US dollars, or purchasing US dollars and selling FC and specify the appropriate exchange rate. c