Compare the cost of the forward contract, or the hedged position, with the cost of buying the Canadian dollars on the spot market on October 15, 2003. Fill in the table below to show the cost of buying C $1.5 million at different spot rates, and then calculate Hoola Hoopa's potential gains or losses from hedging with a futures contract. (Note: The Company's unhedged position is the cost in US\$ of C $1.5 million at the various spot rates given for Oct. 15, 2003. The Company's hedged position is the cost of a forward contract on April 15, 2003 to purchase 1.5 million Canadian dollars 6 months later on October 15,2003.)