QUESTION 2 1. On September 15, a US firm is planning to export TV chips worth Pesos 1 million due on October 15 (one month later). The firm hedges its receivables using December peso futures. The spot rate on Sept 15 is USS 0.0630 / peso and the December futures price on Sept 15 is $0.0665 per peso. One month late on Oct 15, the spot rate is $0.0570 / peso while the December futures price is $0.0615 / peso. Assume contract size is 1 million pesos. What are the net receivables ARs on Oct 15 in US S, net of gain/loss from futures hedging? $58,000 a. $52,000 b QUESTION 2 1. On September 15, a US firm is planning to export TV chips worth Pesos 1 million due on October 15 (one month later). The firm hedges its receivables using December peso futures. The spot rate on Sept 15 is USS 0.0630 / peso and the December futures price on Sept 15 is $0.0665 per peso. One month late on Oct 15, the spot rate is $0.0570 / peso while the December futures price is $0.0615 / peso. Assume contract size is 1 million pesos. What are the net receivables ARs on Oct 15 in US S, net of gain/loss from futures hedging? $58,000 a. $52,000 b