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( 15 pts) DeKalb, Inc. is a U.S. company that sells apparel in the U.S. and in New Zealand. It is due to receive NZ

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( 15 pts) DeKalb, Inc. is a U.S. company that sells apparel in the U.S. and in New Zealand. It is due to receive NZ $10,000,000 in 3 months time from its New Zealand distributor. a. If the 3 months ask forward rate for the NZ $ is $0.55, and the bid/ask spread for 3 -mos NZ\$ is 9.09%, how many dollars would DeKalb receive if it employs a forward hedge? Please show your calculations. b. If the following currency options are available, how many dollars would DeKalb receive if it employs an option hedge? Please show your calculations

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