You are a US company which produces fashion goods for export. All of your production is in the US in US dollars, but 25% of your total revenues are in Europe and denominated in Euro. The Europe revenue has been converted to US dollars at the forward rate in order to be included in your US dollar forecast. You are forecasting the following: Revenues Europe Revenues = $3,000 US Revenues = $9,000 Costs Europe Costs = ($0) US Costs = ($8,000) EUR Forward rate = $1.20 but the actual rate could be as low as $1.05 or as high as $1.35 Do you have a long or a short exposure? O Short O Neither long or short O Long