Caribou River. Caribou River, Ltd., a Canadian manufacturer of raincoats, does not selectively hedge its transaction exposure. Instead, if the date of the transaction is known with certainty, all foreign currency-denominated cash flows must utilize the following mandatory forward cover formula: Caribou expects to receive multiple payments in Danish kroner over the next year. Kr3,400,000 is due in 90 days: Kr1,800,000 is due in 180 days; and Kr950,000 is due in one year. Using the following spot and forward exchange rates, 5 , wha would be the amount of forward cover required by company policy for each period? What would be the Canadian dollar amount of forward cover required by company policy in 3 months? i Data Table C$ (Round to the nearest cent.) Mandatory Forward Cover 0-90 days 91-180 days 180 days Paying the points forward 90% 70% 40% Receiving the points forward 100% 90% 50% Click on the con located on the top-right comer of the deta table in order to copy its contents into a spreadsheet Data Table Spot rate, Krics 4.71 3-month forward rate, Krics 4.72 6-month forward rate, Krics 4.73 12-month forward rate, Kr/C$ 4.75 Click on the icon located on the top-right comer of the data table in order to copy its contents into a spreadsheer. Print Done