13. You are a French investor holding a portfolio of U.S. stocks worth $10 million. You wish to engage in a dynamic hedge of the 6:$ exchange risk by buying & calls. On April 1, a June 100 6 call is quoted at $0.02 per euro. This gives you the right to buy one euro for $1 in June. The delta of this call is equal to 0.5. The spot exchange rate is $1/6. The size of an option contract is #125,000. a. How many