Calculate the following:
Definitions:
Foreign Exchange Risk
The potential for loss due to fluctuations in currency exchange rates affecting the value of foreign-denominated transactions and investments.
Mexican Pesos
The currency of Mexico, represented symbolically as MXN and used in financial transactions within the country.
Forward Contract
An individualized agreement allowing two parties to trade an asset at an agreed-upon price on a specified future date.
Net Income
The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the company's financial performance over a specific period.
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