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Your company expects to receive CHF 5,000,000 in 90 days. The 90 day forward rate for CHF is $0.75 and the current spot rate

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Your company expects to receive CHF 5,000,000 in 90 days. The 90 day forward rate for CHF is $0.75 and the current spot rate is $0.76. If you use a forward hedge, estimate the cost of hedging the receivable if, 90 days later, the spot rate for CHF 90 days later turns out to be $0.78 $ 100,000 < $100,000> 0 $150,000 O

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