My answers correct?

My answers correct?

My answers correct?

Question 7 10 pts You own a Mexican firm that manufactures truck transmissions. One year from today, you have agreed to purchase CAD 1,209,414 worth of steel from a Canadian supplier, and would like to protect yourself against exchange rate risk using a forward market hedge. The current spot rate is CAD 0.060 per MXN. You can borrow or lend CAD at 1.6%, and MXN at 3.4%. How many MXN would you need to borrow or lend to set up this hedge? Represent borrowing as positive numbers and lending as negative numbers. Please give your answer to the nearest MXN. -19,839,469 3 Question 8 5 pts Are there any risks you have exposed yourself to by entering into this forward market hedge? Edit View Insert Format Tools Table 12pt v Paragraph v Tv When entering Forward, If you already have a buyer/seller arranged for your foreign currency, you are unaffected by changes in exchange rates. So no, the exposure is eliminated