AUS exporter will receive 30 million Norwegian Kroner (NOK) in 3 months and wishes to hedge the US dollar (USD)-NOK exchange rate Assume that there is no active forward market in NOK. Therefore, the company decides to hedge using a forward contract on a foreign currency whose price changes are highly correlated with those of NOK. I decides to use a forward contract on the euro (EUR) The standard deviation of quarterly changes in the USD/NOK exchange rate is 0.005. The standard deviation of quarterly changes in the USD/EUR forward rate is 0.025. The correlation between the quarterly changes in the USD/NOK exchange rate and the quarterly changes in the USD/EUR forward rate is 0.85. What is the optimal number of euros to be delivered in the short forward contract according to the minimum variance hedge ratio? a 4.90 million euros ob 4.95 million euros Oc5.00 million euros Od 5.10 million euros O e 5.05 million euros