Yarmouk, Inc. is a Jordanian-based exporting firm that expects to receive payments denominated in both Saudi Riyal and Egyptian Pounds in one month. Based on today's spot rates, the Jordanian Dinar value of the funds to be received is estimated at JOD 500,000 for the Saudi Riyal and JOD300,000 for the Egyptian Pounds. Based on data for the last Eighty months, Yarmouk, estimates the standard deviation of monthly percentage changes to be 8 percent for the Saudi Riyal and 3 percent for the Egyptian Pounds. The correlation coefficient between the Saudi Riyal and the Egyptian Pounds is 0.30.Assuming an expected percentage change of 5 percent for each currency during the next month, what is the maximum one-month loss of the currency portfolio? Use a 95 percent gonfidence level and assume the monthly percentage changes for each currency are normally distributed. Select one: a.-01.98% b.-02.98% c.-03.98% d.-07.98%