sing the information below to answer Question 13-16 Holcim Cement is in the business of producing cement. It's headquarter is in Switzerland but has global operation one of which is in Mexico. The subsidiary in Mexico buys and sells cement in Mexico. Normal business operations generate accounts receivables and accounts payables in Peso (MXN). The estimated accounts payables are MXN 1,000,000 and accounts receivables are MXN 2,400,000. Both cash flows are going to occur in T-30 days. The current sport rate is St - 18.94 MXN/USD. There is considerable reason to believe that exchange rate will change in 30 days. Find the NET TRANSACTION EXPOSURE IN USD for Holcim using the following approaches: a) Follow a +/-10% Ad-hoc Rule and construct a upper and lower bound of net transaction exposure. b) Find the extreme changes in FX rate and construct a upper and lower bound of net transaction exposure. c) Assuming normal distribution Construct 95% confidence interval for net transaction exposure. d) Do simulation with 500 random drawing. Construct 95% confidence interval for net transaction exposure and also estimate VaR. sing the information below to answer Question 13-16 Holcim Cement is in the business of producing cement. It's headquarter is in Switzerland but has global operation one of which is in Mexico. The subsidiary in Mexico buys and sells cement in Mexico. Normal business operations generate accounts receivables and accounts payables in Peso (MXN). The estimated accounts payables are MXN 1,000,000 and accounts receivables are MXN 2,400,000. Both cash flows are going to occur in T-30 days. The current sport rate is St - 18.94 MXN/USD. There is considerable reason to believe that exchange rate will change in 30 days. Find the NET TRANSACTION EXPOSURE IN USD for Holcim using the following approaches: a) Follow a +/-10% Ad-hoc Rule and construct a upper and lower bound of net transaction exposure. b) Find the extreme changes in FX rate and construct a upper and lower bound of net transaction exposure. c) Assuming normal distribution Construct 95% confidence interval for net transaction exposure. d) Do simulation with 500 random drawing. Construct 95% confidence interval for net transaction exposure and also estimate VaR