Suppose that you are a US based importer of goods from the United Kingdom. You expect the value of the pound to increase against the US. doliar over the next 30 days. You will be making payment on a shipment of imported goods in 30 days and want to hedge your currency exposure. The US. risk. free rate is 5.0 percent, and the U.K. risk-free rate is 3.0 percent. These rates are expected to remain unchanged over the next month. The current spot rate is 5160 a. Whether you should use a long or short forward contrict to hedge the currency risk. Long position in forward contract Short position in forward contract b. Calculate the no-arbitrage price at which you could enter into a forward contract that expires in 30 dsys. (Do not round intermediate caiculations. Round your answer to 4 decimal places.) c. Move forward 10 days. The spot rate is \$1.63. Interest rates are unchanged. Calcuinte the value of your forward position, (Do not round intermediate calcutations. Round your answer to 4 decimal places.)