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SOLVE USING EXCEL, SHOW WORK, AND EXPLAIN HOW YOU GOT EACH NUMBER!!!! Thank you! A U.S. firm holds an asset in France and faces the

SOLVE USING EXCEL, SHOW WORK, AND EXPLAIN HOW YOU GOT EACH NUMBER!!!!

Thank you!

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A U.S. firm holds an asset in France and faces the following scenario: State 1 State 2 State 3 State 4 Probability 2596 259% 2596 2596 Spot rate 51.26/6 51 24/E 51.17/6 51.12/6 E1800 E1400 E1300 E1100 In the above table, P* is the euro price of the asset held by the U.S. firm. What is the variance of the spot rate (XXXXX) Selected Answer: 1.195 Correct Answer: V 0.00312 + 0 Response Feedback: Get Var(S)

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