The euro exchange rate is $1.15/euro. The continuously compunded dollar interest rate is 3% and the continuously compounded euro interest rate is 2%. Suppose that you borrow euros and lend dollars for 1year, without using futures to hedge, and your initial cash flow is zero. (a) At what exchange rate in 1 year will you break even on this position? (b) if the exchange rate in 1 year is $1.21, what is your profit (per 1000 euros borrowed at time0)? (c) if the exchange rate in 1 year is $1.12, what is your profit (per 1000 euros borrwed at time 0)