In order to answer the next few questions (11-23), consider the following scenario. Your company has sold some parts to a French distributor. Your firm will receive 25 million euros in 60 days. The euro spot rate is 1.1060 \$/euro, and currently you can enter into a future contract at 1.1101 \$/euro. Note, euro futures and options are for 125,000 euros per contract. What exchange rate would you face if the euro depreciates 10% (to 4 decimal places)? QUESTION 12 What is the exact dollar value of your receivable if there is no change in the spot exchange rate in the next 60 days