4 pts Question 12 Suppose you are a British venture capitalist holding a major stake in an e-commerce start-up in Silicon Valley. As a British resident, you are concerned with the pound value of your U.S. equity position. Assume that if the American economy booms in the future, your equity stake will be worth $1,000,000, and the exchange rate will be $1.40/. If the American economy experiences a recession, on the other hand, your American equity stake will be worth $500,000, and the exchange rate will be $1.60/E. You assess that the American economy will experience a boom with a 70 percent probability and a recession with a 30 percent probability Which of the following would effectively hedge your exchange risk exposure? [Pick the closest number for your answer. Buy 3,445,231 forward O Sell $4,511,976 forward O Sell 4,511,976 forward OBuy $3,445,231 forward 4 pts Ouestion 13