17. Based on the information in the table below, what is the proper financial hedging strategy with forwards? (10 points) P* S State 1 Probability 1/3 700 $1 25/ 2 1/3 1.000 $1.50/ 3 1/3 1.300 $1.75/ We sell forward at the 1-year forward rate of a. S net cash flow when the French assets is worth 900, and the exchange rate is $1.35/ (2 points) b. S net cash flow when the French assets is worth 1,000, and the exchange rate is $1.50/ (2 points)