3. XYZ company, a Swiss importer of computers, signs a sales contract with its US partner on March 30, 1991. The terms of the sales contract require a payment of $U$1,000,000 by XYZ Company, on June 30, 1991. On March 30, 1991, the prevailing exchange spot and forward exchange rates are SF 1.4370 = $1 and SF 1.4452 = $1, respectively. Suppose that the Swiss importer anticipates a franc depreciation with respect to the US, and enters a 80-day forward exchange contract, with a maturity date of June 30, 1991. Calculate the cost of the transaction risk aversion in percentage and in absolute terms. 8