They should just give you the payoff table – what a waste of time having to do all the exchange rate calculations AND maxi-pay-off tables. I’m worried I completely screwed this up anyway doing EV! No idea if that was the right approach. Regardless I ran out of time! Disaster!
I did E(V) for Q3 as well, but the more I’ve thought about it since, the more I think it should’ve been maximax, maximin – deals with the different risk appetites straight away.