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Question 25 1 pts Use for the next six questions On September 15, 2020, Food Exporters USA, Inc. exported products to a New Zealand firm

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Question 25 1 pts Use for the next six questions On September 15, 2020, Food Exporters USA, Inc. exported products to a New Zealand firm and expected to receive payment of NZ$1,000,000 in three months (December 15, 2020). On September 15 spot rate was $0.7200/NZ$ 3-month forward rate was $0.7100/NZ$ 3-month futures rate (for the futures that expires in December) was $0.7150/NZ$. On December 15: spot rate was $0.6950/NZS futures rate was $0.6950/NZ$. On September 15, Food Exporters USA would have futures contracts to hedge its exchange rate risk. O bought O sold o either buying or selling could have hedged the currency risk O can't determine after the fact

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