You are being asked to value risk to determine the maximum 1 day loss due to changes in exchange rates on 1,000,000 euros using the following information. a. The current spot change rate of the Euro = $1.30 b. The mean 1 day change in exchange rate = 0% c. The variance of the 1 day change = .0000025 d. The standard dev of the 1 day change = .005 e. What is the maximum 1 day loss at a 97.5% confidence interval(use a factor of 1.96 to represent confidence interval)

i. $9,800

ii. $6,500

iii. $64

iv. $25