In the DerivaGem Application Builder Software modify Sample Application D to test the effectiveness of delta and

Question:

In the DerivaGem Application Builder Software modify Sample Application D to test the effectiveness of delta and gamma hedging for a call on call compound option on a 100,000 units of a foreign currency where the is 0.67, the domestic risk-free rate is 5%, the foreign risk-free rate is 6%, the volatility is 12%. The time to of the first option is 20 weeks, and the of the first option is 0.015. The second option matures 40 weeks from today and has a of 0.68. Explain how you modified the cells. Comment on hedge effectiveness.
Strike Price
In finance, the strike price of an option is the fixed price at which the owner of the option can buy, or sell, the underlying security or commodity. Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...