Assume that SR = $2/1 and the three-month FR = $1.96/1. How can an importer who will have to pay 10,000 in three months hedge the foreign exchange risk? Draw a graph to compare between a cost of 10,000 with and without forward contract. 10. For the given in Problem 9, indicate how an exporter who expects to receive a payment of 1 million in three months hedges the foreign exchange risk. Draw a graph to compare between a payment of 1 million with and without forward contract