17. Based on the information in the table below, what is the proper financial hedging strategy with forwards? (10 points) State Probability P* S 1 1/3 700 $1.25/ 1/3 1.000 $1.50/ 3 1/3 1.300 $1.75/ We sell forward at the 1-year forward rate of a. $ net cash flow when the French assets is worth 700, and the exchange rate is $1.25/ (2 points) b. $ net cash flow when the French assets is worth 1,000, and the exchange rate is $1.50/ (2 points) c. $ net cash flow when the French assets is worth 1,300, and the exchange rate is $1.75/ (2 points)