Question 4 of 5 20 Points A Ques Siemens, a large German multi-national, needs to hedge a large USD payment of USD 145794658 that will occur in 2 years. They wish to reduce their exchange rate risk by entering into a 2-year Forward contract. The spat exchange rate EUR USD $ 1.1361 and the 2 year Forward quote for selling EUR is 281 in basis points (1 basis point = 0.0001). Siemens will be selling EUR to buy USD so they will need to use the Bid quote (given above) for the 2-year Forward The 2-year Forward price (exchange rate) is equal to USD per EUR Enter your answer with 4 decimals places, ex 1.4532 By locking in their exchange rate with the Forward it will cost Siemens EUR to purchase the USD. Enter your answer rounded to two decimal places, no commas, ex: 143332110.10 At the time the USD payment is due, the spot exchange rate for EUR USD is 1.1543 of Siemens had not hedged their USD payment using the 2-year forward, it would cost them EUR Enter your answer rounded to two decimal place, no commas, ex 13543766623 By hedging their USD payment Siemens has either overpaid" or "saved EUR Enter your answer rounded to 2 decimals, no comma, If SAVED THEN ENTER YOUR ANSWER AS A POSITIVE VALUE, IF OVERPAID INDICATE THIS WITH Asign, ex SAVED enter as 1334296.79, OVERPAID enter as -1334296.79 Mark for Review Whats This