Question 8 (2 points) The spot rate for Korean won is 1200KW/USD. The six-month forward rate is 1298KW/USD. Which of the following is true? The market is expecting the Korean won to depreciate The best estimate for the spot rate in six months is (1200 + 1298)/2 Those who are short KW think it will appreciate, and those who are long KW think it will depreciate The market is expecting the Korean won to appreciate Question 9 (2 points) Saved A company that is long British pounds and short euros could hedge its risk by