Use the table to solve the following questions. Assume that the current exchange rate is $0.90/. (5) Year 1 2 3 Zero-coupon bond price ($) 0.9804 0.9565 0.9423 Zero-coupon bond price () 0.9709 0.9453 0.9160 Euro forward price ($/) 0.8913 0.8982 0.8852 a. What 3-year euro annuity is equivalent to a 3-year annuity of $100? (2) b. Suppose you are a CEO of Siemens AG, headquartered in Munich, Germany, and wish to enter the U.S. market to sell electronic components over the next 3 years. The marketing team reports that projected sales would be 100 million dollars in the 1st year, 105 million dollars in the 2nd year, and 120 million dollars in 3rd year. However, you are worried about the foreign exchange risk for those sales in the U.S. Suggest how you would use the information in the table above to reduce or eliminate such risk. (3) Use the table to solve the following questions. Assume that the current exchange rate is $0.90/. (5) Year 1 2 3 Zero-coupon bond price ($) 0.9804 0.9565 0.9423 Zero-coupon bond price () 0.9709 0.9453 0.9160 Euro forward price ($/) 0.8913 0.8982 0.8852 a. What 3-year euro annuity is equivalent to a 3-year annuity of $100? (2) b. Suppose you are a CEO of Siemens AG, headquartered in Munich, Germany, and wish to enter the U.S. market to sell electronic components over the next 3 years. The marketing team reports that projected sales would be 100 million dollars in the 1st year, 105 million dollars in the 2nd year, and 120 million dollars in 3rd year. However, you are worried about the foreign exchange risk for those sales in the U.S. Suggest how you would use the information in the table above to reduce or eliminate such risk. (3)