Nucor, Inc. (U.S. based MNC) will receive 900,000 euros in one year. The spot exchange rate today is $1.0500 per euro. It observes that 1. The one-year interest rate for euros is 9%, and the one-year interest rate for U.S. dollars is 7%. 2. In the option market, there is one-year call option or put option available. Both options have the same exercise price of $1.0300 per euro, and a premium of $0.0075 per euro. 3. In the forward market, the one-year forward rate exhibits a 4% discount from the current spot exchange rate. If Nucor decides to use money market hedging strategy to hedge its receivables, how shall Nucor implement the strategy? Question 25 options: Nucor should first borrow U.S. dollars for the amount of $734,924.8539. Nucor will then go to the foreign exchange market to exchange the amount borrowed into euros which yields Nucor the amount of 771,671.0966 euros. Nucor will deposit the amount exchanged at the bank in the Europe. One year later, Nucor will pay off its U.S. dollar loan using the euro payments received. Nucor should first borrow U.S. dollars for the amount of $857,142.8571. Nucor will then go to the foreign exchange market to exchange the amount borrowed into euros which yields Nucor the amount of 900,000 euros. Nucor will deposit the amount exchanged at the bank in Europe. One year later, Nucor will pay off its U.S. dollar loan by using the euro payments received. Nucor should first borrow euros for the amount of 900,000 euros. Nucor will then go to the foreign exchange market to exchange the amount borrowed into U.S. dollars which yields Nucor the amount of $990,000. Nucor will deposit the amount exchanged at the bank in the U.S.. One year later, Nucor will pay off its euro loan using the euro payments received. Nucor should first borrow euros for the amount of 825,688.0734 euros. Nucor will then go to the foreign exchange market to exchange the amount borrowed into U.S. dollars which yields Nucor the amount of $866,972.4771. Nucor will deposit the amount exchanged at the bank in the U.S.. One year later, Nucor will pay off its euros loan by using the euro payments received