MINI CASE SHREWSBURY HERBAL PRODUCTS, LTD Shrewsbury Herbal Products, located in central England close to the walsh border, is an old-line producer of herbal teas. somonings, and medicinot. Its products are marketed all over the United Kingdom and in many parts of continental Europe as well Shrewsbury Herbal generally invoices in British pound stening when it sells to foreign customers in order to guard against adverse exchange rate changes. Nevertheless, it has just received an order from a large wholesaler in central France for £320,000 of its products. conditional upon delivery being made in three months time and the order invoced in euros. Shrewsbury's controller, Elton Peters, is med with whether the pound will appreciate versus the euro over the next three months. thus eliminating all or most of the profit when the euro receivable pad. He think ths is an unlikey possbly, but decides to contact the im's banker for suggestions about hedging the exchange rate exposure. Mr. Peters learns from the banker that the current spot exchange rate is s €14537 thus the invoice amount should be €465,184. Mr. Peters also learns that the three-month forward rates for the pound and the euro versus the U.S. dollar are $1.8990E1.00 and $1.3154/€1.00, respectively. The banker offers to set up a forward hedge for selling the euro receivable for pound sterling based on the €€ forward cross-exchange rate implicit in the forward rates against the dollar. What would you do if you were Mr. Peters?