A U.S. firm holds an asset in Israel and faces the following scenario in Israeli Shaekel (IS): Probability Case 1 Case 2 Case 3 25% 50% 25% Spot Price ($/IS)0.3000 ($/IS)0.2000 ($/IS)0.1500 Israeli Shaekel price of asset held by U.S. Firm IS2000 IS5000 IS3000 U.S. Dollar price of the same asset $600 $1000 $450 What is the Exposure (Regression Coefficient Beta) Coefficient? Hint: Calculate the expression : covariance of the U.S. dollar price of the Israeli asset divided by the variance of the ($/Israeli Shaekel) exchange rate.

a)-52.6316

b) 1,289.80

c)12,898.00

d) None of the above