1 a) Authentic Corporation buys a French Franch put option. Contract size is FF250,000 at the premium of USDO.03 per franch. If the exercise price is USDO.3500 and spot price on the expiration date is USDO.3800, determine whether the holder should exercise the put or not. (4 marks) 1 b) Differentiate FOUR (4) basic differences between currency forward contracts and currency future contracts. (8 marks) 1 c) There are many benefits that would be enjoyed by MNCs as well as host countries due to the tremendous international business activities. Discuss FOUR (4) benefits from international business. (8 marks)