PLEASE answer as quick as possible, I will give the thumb up!

6. A U.S. firm holds an asset in Great Britain and faces the following scenario: State 1 State 2 Probability 25% 50% Spot rate $2.20/ $2.00/ 2,000 2,500 P. $4,400 $5,000 where, p* = Pound sterling price of the asset held by the U.S. firm P= Dollar price of the same asset State 3 25 $1.80/ 3,000 $5,400 P* a) Calculate and interpret the exposure coefficient. (10 pts) b) Describe an effective hedge and calculate the dollar amount of the hedge? (4 pts)