Question 19 A smart phone company in China just bought $5 billion worth of semiconductors from Qualcomm to be delivered in year. The contract cum Them exchange rate is $0.1365 per RMB. The one-year forward rate is $0.1385 Qualcomm decided to enter into a forward hedge. I the spot in one years to be $0.1405. How much did Qualcomm make/lose on the hedge? Edit View insert Format Tok Table 12 pt Paragraph B TV T PBB BE A smart phone company in China just bought 55 billion worth of semiconductors from Qualcomm to be delivered in year. The contract currency is MB. The current exchange rate is $0.1365 per RMB. The one-year forward rate is $0.1385. Qualcomm decided to enter into a forwarded the spent one year out to be $0.1405. How much did Qualcomm make/lose on the hedge