On June 10th GE recorded a 3-month receivable of f 15,000,000 that they need to hedge on the future market. The contract size of the euro future contracts is 62,500. The quote of the September f future contract that matures the 3rd Wednesday of September is $1.20 while the spot rate is $1.25. a) Explain how GE will hedge this receivable and how many f future contracts will be bought or sold? (1 marks). What is the net amount in dollars of the hedged receivable that GE will receive on September 10th ifthe quote of the September future contract is $1.27 and the spot rate for the f on September 1oth is $1.24 (2 marks)? b)