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Kendri co is a co based in the UK, which is now owed US$2.4m to Lakama co based in the US. The money is due in 3 months. The exchange rates available to Kendri co is as follows. Spot rate: 1.5938-1.5962US$/£ 3-month forward rate:1.5938-1.6037 US$/£ If the Kendri co decided to use forward contracts to hedge potential exchange risk. Calculate how much need to be paid and whether that can save some money