A US firm holds an asset in France and faces the following scenario: State 1 State 2 State 3 State 4 Probability 25% 25% 25% 25% P* 1500 1400 1300 1200 $1,800 $1,540 $1300 $1080 In the above table, P* is the euro price of the asset held by the U.S. firm and P is the dollar price of the asset. (a) Compute the exchange exposure faced by the US firm. The exchange exposure is - (Round your answer to integer. Omit the "" sign in your response) (b) What is the variance of the dollar price of this asset if the US firm remains unhedged against this exposure? The variance is $2. (Round your answer to integer) (C) If the US firm hedges against this exposure using the forward contract, what is the variance of the dollar value of the hedged position? The variance is $2. (Round your answer to integer)