Intro Riventop Inc. is a U.S. company with a subsidiary in Spain. To reduce its translation exposure, the company sells 29 million one year forward at a forward rate of $1.05 per euro. Part 1 | Attempt 1/10 for 10 pts. If one year later the spot rate is $1.18 per euro, what is the gain or loss on the forward contract (in $ million)? 2+ decimals Submit