Suppose you have developed a hairbrained scheme to purchase art, mint a NFT, and then sell it for a bubbly profit.

Please give detailed step-by-step calculation.

Question 22 Incorrect Mark 0.00 out of 1.00 Suppose you have developed a hairbrained scheme to purchase art, mint a NFT, and then sell it for a bubbly profit. For your scheme, you need to import USD 52026.64 worth of art into Australia. You are concerned that the exchange rate might move adversely during this time. Suppose the current exchange rate is 1.144 You see the following instruments available: A Put option on AUD with a strike price in USD/AUD) of 1.5 with a 1.6% premium A Call option on AUD with a strike price in USD/AUD) of 1,43 with a 1.9% premium A forward rate agreement with a FRA rate of 3.5% A customized forward forward arrangement of 4% . P Flag question Suppose you decide to hedge with the most relevant instrument. Assume that the USD/AUD exchange rate becomes 1.125. What is the overall cost of the art purchase in AUD. including any fees? a. 34129.47584 b. Not enough information C. 33852.00043 d. 36382.26573 o e. 35691.00269 x f. None of these options g. 34684.42667 Your answer is incorrect. The correct answer is: 34129,47584