2. (4 Points) The U.S. three-month interest rate (unannualized) is 1%. The Australian three-month interest rate (unannualized) is 4%. A put option with a three-month expiration date on Australian dollars (A$) is available for a premium of $0.03 and a strike price of $0.7300. The spot rate of the Australian dollar is $0.7500. Assume that you believe in International Fisher Effect (IFE). a. Forecast the dollar amount of your profit or loss from buying a put option contract specifying A$400,000. (2 points) b. Forecast the USD received by A&M company which uses the put option to hedge against its 3 month receivables of A$ 400,000. (2 points) ANS: Please label a/b in your response to the two sub-questions respectively