Citigroup recently purchased $10.7 million worth of euro-denominated one-year CDs that pay 12 percent interest annually. The current spot rate of US, dollars for euros is $1104/C. a. Is Citigroup exposed to an appreciation or depreciation of the dollar relative to the euro? b. What will be the return on the one-year CD if the dollar appreciates relative to the euro such that the spot rate of US. dollars for euros at the end of the year is $1.004/1 ? (Round your answer to 3 dectmal ploces. (e. 0., 32.161)) c. What will be the return on the one-year CD if the dollar depreciates relative to the euro such that the spot rate of US, dollars for euros at the end of the year is $1.204/1 ? (Round your answer to 3 decimal places. (e.g., 32.161))