A firm has a right to receive 100 ounces of gold in 90 days ' time . The firm repayment of a loan for $ AUD 100,000 . The current spot rate for gold is > intends to use the money received from this transaction to pay off a $USD 920 an ounce and the current USD/AUD exchange rate is 86c. The current daily volatility of gold is expressed in $AUD terms is $2.25. You will need to calculate value at risk for this transaction given that management has stated it wants a 1 in 50 risk tolerance. Given the measure of downside risk or var and the stated risk tolerance - fill in the sentence below with whether or not the firm can leave its position unhedged. The firm Select leave its position unhedged. 100 Age