Assume that Boeing sells a currency forward contract of 10 million for delivery in one year, in exchange for a predetermined amount of U.S. dollars. Which of the following is/are true? On the maturity date of the contract Boeing will

(i) have to deliver 10 million to the bank (the counter party of the forward contract).

(ii) take delivery of $14.6 million

(iii) have a zero net euro exposure

(iv) have a profit, or a loss, depending on the future changes in the exchange rate, from this sale.

Suppose that Boeing Corporation exported a Boeing 747 to Lufthansa and billed 10 million payable in one jear. The money market interest rates and foreign exchange rates are given as follows