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4. On January 1 2010, Boeing is awarded a contract for supplying three Boeing 787 to Spainair. One Boeing 787 costs 200 Million On December 31, Boeing will receive a payment for this sale. Boeing has decided to use a Forward contract in order to manage its transaction exposure. Assume 1 = 1$ on January 1. Price agreed in the forward contract is 0.9$/. Spot exchange rate scenarios (12-31-2010) 1 = 1$ 1 =0.9$ 1 = 1.20$ 1= 0.8$ a) Could you complete the next table? Spot exchange rate scenarios (12-31-2010) $ Value of Original Receivable (million $) Gain & Loss Money on Forward Contract (millions $) TOTAL CASH FLOW (million $) 1 = 1$ 1 = 0.90$ 1 = 1.20$ 1 = 0.80$ b) If Boeing decides to manage the transaction exposure with Money-Market hedge at which Euro interest rate should Boeing borrow Euros in order to have the same Gain&Loss figures as it has in the Forward contract for the same scenarios? (Assume $ interest rate = 6%)