Forex Hedging Transactions Eximco sold product to a European buyer agreeing to accept 2,000,000 60 days later. At the time of the sale the spot rate was USD$1.50/1.00. At the settlement date the spot rate on the cash-flow date is USD$1,48/1.00. Required: Determine net gain or loss from the unhedeged transaction. I Starting with the same facts as above, assume Eximco decided to hedge the transaction with a 60-day put option carrying a $4,000 option premium and a strike price of $1.475/1.00 as determined by the bank. Required: Determine net gain or loss from the hedged transaction