Use the following information for parts D to E. A bank is offering the following foreign exchange investment to its customer Yeung Mr. Yeung has to pay HKD880,000 today (20 December 2020) If the exchange rate of HKD and EUR is at or above HKD8.80 per EUR at 4:00 p.m. on 20 January 2021, Mr. Yeung will get his HKD880,000 back. In addition, he will receive HKD10,000. The contract will then expire. If the exchange rate of HKD and EUR is below HKD8.80 per EUR at 4:00 pm on 2 January 2021, Mr. Yeung will have to buy EUR 100,000 with the HKD880,000 he has paid. He will also receive an additional HKD10,000 from the bank. The contract will then expire. Even though the product is called foreign exchange investment it is in effect an option on EUR Determine the exercise price of EUR in this option Explain your answers. marks) (3 . Is the option on EUR a call option or put option? Is Mr. Yeung the holder or the writer of the option? Explain your answers