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the 9 month forward rate is .0827 SF/US$ 2. 2. On June 1st, 2019, Roche Ltd expects to ship 500,000 doses of a gene therapy

the 9 month forward rate is .0827 SF/US$ image text in transcribed
2. 2. On June 1st, 2019, Roche Ltd expects to ship 500,000 doses of a gene therapy from its US subsidiary Amgen's California plant to Switzerland that it will sell to Swiss Hospitals on 270-day terms at 155SF per dose. Therefore. Roche will receive payment from these outlets on February 26, 2020. Assuming that Roche needs to cover its $ expenses to Amgen in the US and thus wants to hedge its US$/SF exposure using a forward contract with a Swiss bank, what is the minimum amount of US$s they should receive on February 26th, 2020 given the 9-month forward rate you calculated in problem one for one US$ in terms of SF? What are two other ways Roche might hedge its US$/SF exposure

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