(5) Miss Chin-Wu Louis is planning a trip to Singapore in 9 months' time and has budgeted EUR50,000 for her holiday. The current spot rate of EURSGD is 1.6000 and she holds the view that SGD is likely to weaken against EUR in the next 9 months. As such, she decided to enter a dual currency investment to attempt to convert her EUR to SGD. She was advised a realistic strike price is 200 basis points away. The tenor of the investment is 3 months. The interest she received is 6% p.a. (a) What is the strike price of EURSGD for Miss Chin? (2 marks) (b) Assuming at maturity in 3 months' time, EURSGD is trading at 1.6250, what will be the currency and amount that Miss Chin will receive? Further, if there is conversion to SGD, what is her breakeven to EUR? (4 marks)