Thus, Ford's total payment in Japanese yen would be calculated using an exchange rate of ¥112.5/$:
-At a spot rate of ¥110/$ (i.e., without the risk-sharing agreement), Ford's costs would have been $227,272.73.
-The risk-sharing agreement between Ford and Mazda allows Ford to pay ______, a savings of $5,050.51 over the cost without risk sharing.
-Note that the movement could just as easily have been in Mazda's favor if the spot rate had moved to, say, ¥130/$.
