A French company buys $10 million of copper from the commodity market every 12 months to produce industrial products. The company has committed to sell its products at a fixed euro price in one year. Current spot rate: S0$/Given an example of a bounded function defined on a closed interval which does not attain its absolute max and min on that interval. = $1.07/Given an example of a bounded function defined on a closed interval which does not attain its absolute max and min on that interval. As the CFO of the company, you want to minimize the financial risks and, if possible, to generate some profits for your company with the following information: Assume the possible spot rate S1 elementof/$ in one year elementof 0.8800/$ and elementof 1.0200/$ respectively; Hedge the currency risk through options. If CME quoted you the premium of one year $ call option with exercise price of elementof 0.9346/$ is elementof 0.0500/$. What do you do to hedge the currency risk? Buy one year $ put option for $10 million Sell one year $ call option for $10 million Buy one year $ call option for $10 million Do not use options since it is hard to control the risk