I have added the answer of step three along with the step -4 questions in case u need step -3 answers to solve step-4.please solve Step-4

Step 3 Mark to Market for Hedger Step 3 - Hedger Mark to Market 200pts Submit for the corporation youve chosen: a. the exposure they have, and what research or rationale led you to that conclusion (a paragraph NO MORE) b. Create a mark-to-market schedule for the past 10 periods (days is fine). Step 4 - Speculative Mark to Market 4. Step 4- SPECULATING 200pts a Submit the speculative position you intend to take and why. A couple of sontencos. THIS INDEPENDENT FROM ASSIGNMENT 3III DO NOT USE EQUITIES (stocks) b. Create a mark-to-market schedule for the past 10 periods (days is fine). Bo sure to comple the margin table even if there is no evont that changes the margin. c. Generate a graph of the profit or loss from this position b. Mark-to-market schedule for the past 10 periods (in USD): Date Exchange Rate Mark-to-Market 2023-03-03 1.00 2023-03-02 1.01 +1,000,000 2023-03-01 1.02 +2,000,000 2023-02-28 1.01 +1,000,000 2023-02-27 1.00 2023-02-26 1.00 2023-02-25 1.01 +1,000,000 2023-02-24 1.02 +2,000,000 2023-02-23 1.02 +2,000,000 2023-02-22 1.03 +3,000,000 Suppose, Apple Inc is the corporation. a. Exposure: Apple Inc is exposed to foreign exchange rate risk due to its international operations. As a multinational company, Apple conducts business in various countries and earns revenue in different currencies. Fluctuations in currency exchange rates can affect the company's financial performance by increasing or decreasing revenue and expenses when translated back into US dollars. In addition, Apple Inc purchases raw materials and components from suppliers located in different countries, which exposes the company to foreign currency risk. EXPLANATION Apple's exposure to foreign exchange rate risk is significant, as the company's revenue from international operations represents a significant portion of its total revenue. Explanation Please refer to solution in this step