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The spot rate for euros =$1.25/ and the 3 -month future is $1.10/. The spot rate for pounds =$1.15/E and the 3-month future is $1.20/E

The spot rate for euros =$1.25/ and the 3 -month future is $1.10/. The spot rate for pounds =$1.15/E and the 3-month future is $1.20/E You owe 1,000,000 in 3 months You owe 1,000,000 in 3 moriths. If you choose to hedge with futures you must think

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