need 11. A French company is importing some equipment from Switzerland and will pay 10 million Swiss francs three months from now. Suppose that the current exchange rate is :SFr 1.5543. The treasurer of the company expects the frar appreciate in the next few weeks and is concerned about it. rate is :SFr 1.5320. a. Given the treasurer's expectation, what action can he take spot franc to The three-month forward using the forward contract b. Three months later, the spot exchange rate turns out to be :SFr 1.5101 company benefit because of the treasurer's action