Dec 5.3 Snow White Manufacturing makes snowmobiles, some of which it sells to Japan for recreation in the wilderness of the northern islands. Snow White is expecting a payment of 9 million in six months. Draw a timeline illustrating the transaction. Draw a payoff profile with dollars-per-yen on the axes. c. Suppose Snow White takes out a forward contract to hedge this transaction. Describe this contract. d Describe the advantages/disadvantages to Snow White if Snow White takes out a futures contract instead of a forward contract. Dec 5.3 Snow White Manufacturing makes snowmobiles, some of which it sells to Japan for recreation in the wilderness of the northern islands. Snow White is expecting a payment of 9 million in six months. Draw a timeline illustrating the transaction. Draw a payoff profile with dollars-per-yen on the axes. c. Suppose Snow White takes out a forward contract to hedge this transaction. Describe this contract. d Describe the advantages/disadvantages to Snow White if Snow White takes out a futures contract instead of a forward contract