2. Suppose the Paris office of your U.S. Company now must make and 10M payment to a French firm in 180 days construction work. You are concerned that the EUR will appreciate relative to the USD over the next 180 days and so it will cost more USDs in 180 days to buy the 10M the company must pay. You are assigned to investigate a MMH for the EUR-denominated account payable. You find that 180-day interbank interest rates are iEUR = 2% and iUSD = 4% and the spot exchange rate is S(USD/EUR) = $1.25/. a. Design a MMH for the EUR-denominated account payable. b. What is the implied 180-day forward exchange rate.