How can I solve this problem? The answer should be option E B.D. Energy is a firm in the resource extraction industry that is headquartered in the United Kingdom. The firm has a AUD1.971,670 obligation to a supplier that must be paid exactly 55 days from today (at t=55). As Chief Financial Officer of B.D. Energy, you are evaluating several alternatives for hedging this Australian dollar obligation. Today's spot rate is GBP1.1169/AUD. One alternative under consideration is a forward contract priced at GBP1.0942/AUD, which your banker has tailored to perfectly match your underlying Australian dollar exposure. Alternatively, futures contracts on the Australian dollar are available that matures in exactly 60 days (at t=60) and are currently priced at GBP1.0921/AUD. Each futures contract on the Australian dollar has a size of AUD62,500. The below table shows the prices of the above futures contract and the spot rate in the period around the payment of your obligation. All values are the closing prices for that day. Day t=55 t-56 t-57 t-58 t=59 t=60 Spot Price GBP1.0963/AUD GBP1.0973/AUD GBP1.0957/AUD GBP 1.0939/AUD GBP 1.0945/AUD GBP 1.0950/AUD Futures Price GBP 1.0943/AUD GBP 1.0957/AUD GBP 1.0945/AUD GBP 1.0931/AUD GBP 1.0941/AUD GBP1,0950/AUD Your policy when hedging with derivatives is to use the nearest whole number of contracts to the value of your exposure and to close out any position on the day of the underlying transaction. If you hedged using futures, what is the realized British pound value of your obligation on its payment date? a. GBP2.153.260.81 b. GBP2,155,741.82 c. CBP2.157,204.15 d. GBP2,157,598.48 e. GBP 2.157.141.82