exposure.

a$.$ How much in U$.$S$.$ dollars will Micca pay in $6$ months without a hedge if the expected spot rate in $6$ months is assumed to be $10\mathrm{.}70$ dirhams per dollar? $11\mathrm{.}20$ dirhams per dollar?

b$.$ How much in U$.$S$.$ dollars will Micca pay in $6$ months with a forward market hedge?

c$.$ How much in U$.$S$.$ dollars will Micca pay in $6$ months with a money market hedge?

d$.$ How much in U$.$S$.$ dollars will Micca pay in $6$ months with an option hedge if the expected spot rate in $6$ months is assumed to be less than $10\mathrm{.}70$ dirhams per dollar?

e$.$ What is your recommendation?

a$.$ How much in U$.$S$.$ dollars will Micca pay in $6$ months without a hedge if the expected spot rate in $6$ months is assumed to be $10\mathrm{.}70$ dirhams per dollar?

$($Round to the nearest cent.$)$

Data table

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