6. Importer hedging on the spot or on the forward market Suppose you are a U.S. bicycle dealer. You have signed a contract on September 29, 2020 in which you agree to import 1,000 bicycles from a British manufacturer and to pay 100,000 in a year from today. Use the Table above to find the spot and the forward (1 year) exchange rates and assume that the interest rate is the same on both currencies. How exactly can you use the spot exchange market to protect yourself against the exchange rate risk? How exactly can you use the forward exchange market to protect yourself against the exchange rate risk? Which method would you recommend