Please answer with an answer that was not used in another question You are a Turkish exporter. Recently, Mercedes Benz, a German company, purchased a large amount of Anatolian leather for the interiors of its high-end vehicles. You are expecting a payment of 12million Euros (EUR) in 1 year. You are concerned that the price of the Turkish Lira (TRY) is going to change significantly in 1 year and must now manage your exposure to foreign exchange risk. Given: Todays spot rate: 3.4 TRY/EUR 1 year forward rate: 3 TRY/EUR Option fee: .06 (against final exchange if option is exercised) European interest rate: .06 Turkish govt. bond rate: .04 Spot rate in one years time: 4.1 TRY/EUR Calculate the following three approaches. Be sure to show your work to get partial credit. A. A wait and see approach B. Establish a forward contract, calculating also for the option fee in the event that you are in the money. C. Perform a Money Market Hedge D. Which approach did you find the most appealing? Why? Be brief.