An Italian company buys $2 million of gold from the commodity market every 12 months to produce industrial products. the company has committed to sell its products at a fixed euro price for one year. As the CFO of the company, you want to minimize the financial risks and, if possible, to generate some profits for your company with the following information: Assume the actual spot rate S1 euro/$ in one year: euro 0.8600/$ and euro 1.0100/$ respectively Current spot rate: S0$/euro = $1.1121/euro; Interest rate is 1.5% in US and 0.05% in Europe; How do you plan to hedge the currency risk Through swap? List your action plan by step starting with your original exposure (no currency amount is required). a. First, through commodity swap to convert USD spot commodity price to LIBOR $. Second, through currency swap to convert LIBOR $ to LIBOR rate euro. Last, through interest rate swap to convert LIBOR euro to Fixed rate euro. b. First, through commodity swap to convert USD spot commodity price to Fixed rated $. Second, through interest rate swap to convert Fixed rated $ to LIBOR $. Last, through currency swap to convert LIBOR $ to Fixed rate euro. c. First, through commodity swap to convert USD spot commodity price to LIBOR $. Second, through interest rate swap to convert LIBOR $ to Fixed rated $. Last, through currency swap to convert Fixed rated $ to Fixed rate euro. d. First, through commodity swap to convert USD spot commodity price to Fixed rated $. Second, through currency swap to convert Fixed rated $ to Fixed rate euro. Last, through interest rate swap to convert Fixed rate euro to LIBOR euro