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Jetta production cost in 2002 and 2003 was 8,500 Euro per Jetta Jettas were sold in US at $12,000 in 2002 and 2003. Forward hedge

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Jetta production cost in 2002 and 2003 was 8,500 Euro per Jetta Jettas were sold in US at $12,000 in 2002 and 2003. Forward hedge exchange rate was 1 $/Euro in 2003. The market exchange rate was 1.52 $/Euro (i.e.rate without hedge) in 2003. If - 1,500 Jetta were sold in US, in 2003, by 40% forward hedge and 60% not hedged. What would be profits or loss from sales of 1,500 Jetta in US? O 2.342,318 O 1,325,351 O 1,555,263 O 1.832,238

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