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. Question 24 (3.125 points) How should Nucor utilize the forward market to hedge the exchange rate risk for its future receivables? And what shall be the amount received based on this hedging strategy? (Note: Nucor can only buy or sell the forward contract at the forward rate available in the forward market described in bullet 3.) How should Nucor utilize the forward market to hedge the exchange rate risk for its future receivables? And what shall be the amount received based on this hedging strategy? (Note: Nucor can only buy or sell the forward contract at the forward rate available in the forward market described in bullet 3.) Question 24 options: Buy a one-year forward contract for the amount of 900,000 euros at the forward rate of $1.0080. One year later, Nucor will fulfill its obligation and receive the amount of $907,200. Sell a one-year forward contract for the amount of 900,000 euros at the forward rate of $11.0920. One year later, Nucor will fulfill its obligation and receive the amount of $982,800. Buy a one-year forward contract for the amount of 900,000 euros at the forward rate of $11.0920. One year later, Nucor will fulfill its obligation and receive the amount of $982,800. Sell a one-year forward contract for the amount of 900,000 euros at the forward rate of $11.0080. One year later, Nucor will fulfill its obligation and receive the amount of $907,200