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Question 4 of 10 - 74 View Policies Current Attempt in Progress Sandhill Industries has purchased equipment from a Brasiliofw for a total cost of

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Question 4 of 10 - 74 View Policies Current Attempt in Progress Sandhill Industries has purchased equipment from a Brasiliofw for a total cost of 285,000 Brazilian Reals. The hom has to pay in 30 days. Citibank has given the firm a 30-day forward quote of $0.3102/real. Assume that on the day the payment is due the sporrate is $0.3400/real . How much would Sandhill save by hedging with a forward contract? (Round intermediate calculations and final answer to 2 decimal places, e3. 15.25.) Excel Template TL - hamu

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