1. As a US importer from Australia, you wish to hedge a 1,050,000 AU$ due in 3 months with futures. The Current futures quote is.76$/AU 3 months from now, the futures quote is .74$/AU, and the spot rate turns out to be .735/AU. Futures contract sizes for the Australian dollar are 100,000 AU$ each. How many dollars will you receive/pay for the goods if you count both the spot transaction and the hedge combined?(15)