QUESTION 12 Instant Pot Ltd., a US company, will pay 600,000 in two months for an import order of raw materials from an European company It faces the following interests and exchange rates: Spot rate: 0.82/5 Forward rate (30 days) 0.84/5 0.83/5 2% Forward rate (60 days) 60-day call option on dollars at 0.85/$ 60 days put option on dollars at 0.86/$ US 60-day interest rate (annualized) Euro 60-day interest rate (annualized) 196 4% 6% If an option is eventually exercised, what is the total hedged cost of Instant Pot Ltd, using an option 2 month later? Please select the most suitable answer a. $ 697,674.42 b.$ 705,040.27 OC $ 691,150.65 Od. 705,882.35 Save All Answers Cla Click Save and Submit to save and submit. Click Save All Answers to save all answers