Information for questions 16 through 20. Today, a U.S. importer places an order for machine tools that will arrive in Houston in 60 days, when he must pay 3,000,000 euros to the German exporter. Assume that the price of at-the-money, 60-days, euro calls is $0.03, and the price of 60-days, at-the-money euro puts is $0.04. Please note that the spot rate today is $1.22. All prices are per euro.