21) an american importer needs to pay 100,000 british pounds in 30 days and would like to sign a forward contract to hedge the exchange risk. should we importer buy or sell pounds through a forward contract? suppose the 30-day forward rate is $1.60 per pound and after signing the contract the spot rate in 30 days turns out to be $1.55. how many dollars does the firm have to pay in 30 days? should the firm have not hedged?