1) You want to hedge the Brazilian real (BRR) value of a 1 million Canadian dollar (CAD) inflow using futures contracts. On Brazil's exchange, there is a futures contract for US$100,000 at 1.5 BRR/USS. a) Your assistant runs a bunch of regressions: [BRR/USS] BRR/USS] USS/BRR] Which regression is relevant to vou? b) If the relevant B is 0.83 how many contracts do you buy/sell? c) We assumed that there was a S futures contract in Brazil, with a fixed number of US$ (100,000 units) and a variable BRR/USS price. What f there is no Brazilian futures exchange? Then, you'd have to go to a US exchange, where the number of BRR per contract is fixed (at, say, 125,000) rather than the number of US$. How many USS/BRR contacts will you buy