Part 1 | Attempt 1/5 for 10 pts. How can a U.S. MNC with a profitable subsidiary in Ireland hedge its translation exposure? By creating a money market hedge By buying call options on the euro By buying euros forward By selling euros forward Submit Intro Riventop Inc. is a U.S. company with a subsidiary in Spain. To reduce its translation exposure, the company sells 21 million one year forward at a forward rate of $1.2 per euro. Part 1 Attempt 1/10 for 10 pts. If one year later the spot rate is $1.14 per euro, what is the gain or loss on the forward contract (in $ million)? 2+ decimals Submit