Question 3 3 pts Questions 1-4 are based on the following information: A U.S. firm holds an asset in France and considers selling it in one year. The firm faces the following scenario of the future spot rates in one year: State 1 State 2State 3State 4 Probability Spot rate ($/) 1.2 25% 25% 25% 25% 1.1 0.9 1500 1400 $1800 $1540 $1300 $1080 1300 1200 P ($) In the above table, P is the euro price of the asset held by the U.S. firm and P is the dollar price of the asset If the U.S. firm hedges against this exposure using the forward contract, the firm should enter a in one-year forward contract in the amount of e forward price of $ (long/short) position at the