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In alternative universe, the Australian government has decided to enter into a target-zone arrangement with the United States. Australian firm Cockatoo has a USD 180,000

In alternative universe, the Australian government has decided to enter into a target-zone arrangement with the United States. Australian firm Cockatoo has a USD 180,000 payable due in 180 days. Assuming the current exchange rate is AUD1.5/USD, the central rate for the AUD/USD is set at 1.55 AUD per USD, and the currencies are allowed to fluctuate with a 11% band on either side, what is the maximum possible amount (in terms of AUD) that Cockatoo could lose due to changes in the future exchange rate? O a. 141096.77 b. 29700.00 O c. 39690.00 d. 33075.00 O e. 30690.00

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