6 ABC Limited, is an exporter from UK. His receivables on account of exports to Canada are Can S 5,00,000 which are due in 6 months. ABC wants to hedge is export receivable in Forward Market. The following information is available to you. Spot Exchange Rate Can $ 2.5/1 GBP Interest Rates in UK-12% Interest Rates in Canada 15 % The forward rates truly reflect the interest rates differential. Find out the Gain / Loss to ABC Limited, if Can S spot rates i) ii) declines by 2% gains by 4% or iii) remains unchanged over next 6 months