Stover corporation, a u. s. based importer, makes a purchase of crystal glassware from a firm in switzerland for 39,960 swiss francs, or $24,000, at the spot rate of 1.665 swiss francs per dollar. the terms of the purchase are net 90 days, and the u. s. firm wants to cover this trade payable with a forward market hedge to eliminate its exchange rate risk. suppose the firm completes a forward hedge at the 90-day forward rate of 1.682 swiss francs. if the spot rate in 90 days is actually 1.615 swiss francs, how much in u. s. dollars will the u. s. firm have saved or lost by hedging its exchange rate exposure? do not round the intermediate calculations and round the final answer to the nearest cent.

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.