Place yourself in the position of Maiami Sweater, a Japanese sweater

manufacturer and consider your transaction exchange risk if you agree

to ship sweaters to Britain and are willing to accept $500,000,000$ in

payment from the British sweater importer Shetland. Delivery of the

goods and receipt of the pounds are scheduled for $30$ days from now,

and the following data are available: Today$$s spot rate $=$ JPY$189\mathrm{.}89-$

$189\mathrm{.}97$per GBP$.$ Today$$s $30-$day forward rate $=$ JPY$190\mathrm{.}50-190\mathrm{.}55$ per

GBP$.$ What are the nature and extent of your transaction exchange

risk? Show drawing graphic!