Question: SOLVE USING EXCEL, SHOW WORK, AND EXPLAIN HOW YOU GOT EACH NUMBER!!!! Thank you! A U.S. firm holds an asset in France and faces the

SOLVE USING EXCEL, SHOW WORK, AND EXPLAIN HOW YOU GOT EACH NUMBER!!!!

Thank you!

SOLVE USING EXCEL, SHOW WORK, AND EXPLAIN HOW YOU GOT EACH NUMBER!!!!Thank

A U.S. firm holds an asset in France and faces the following scenario: State 1 State 2 State 3 State 4 Probability 2596 259% 2596 2596 Spot rate 51.26/6 51 24/E 51.17/6 51.12/6 E1800 E1400 E1300 E1100 In the above table, P* is the euro price of the asset held by the U.S. firm. What is the variance of the spot rate (XXXXX) Selected Answer: 1.195 Correct Answer: V 0.00312 + 0 Response Feedback: Get Var(S)

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