I'm looking for the answer to #26:

25. Your US based corporation has sold jet engines to Switzerland's air force. The credit sale for CHF 536,000,000 is payable in 6 months. The six-month forward exchange rate is $1.3089 / CHF. Your foreign currency advisor estimates that the spot rate in six months will be $1.1698 / CHF. What are your expected proceeds from a forward hedge? a. A gain of CHF 74,557,600 over the expected future spot rate proceeds b) A gain of $ 74,557,600 over the expected future spot rate proceeds c. Again of CHF 3,853,342,919 over the expected future spot rate proceeds d. A loss of $ 74,557,600 compared to the future spot rate proceeds 26. If you have the situation described in #25, what would be the best reason that you would hedge the Swiss franc receivable with a forward? a. Because I want to limit my operational losses. b. Because I want to guarantee my proceeds when faced with foreign exchange rate transaction exposure. c. Because I want to take advantage of a financial tool to bet on the future outcome. d. Because I want to protect against foreign exchange rate translation exposure