2- Suppose you will receive 625,000 [GBP] in January. Decide if the cheapest alternative is to enter into a futures contract, do nothing, or buy an option with strike price 1.36 [USD/GBP]. Use one year worth of daily data to calculate the probability distribution for GBP. The futures contract data is found in the CME website and exchange rates in FRED. The price of the call is 18 cents/GBP and the put 10 cents/GBP.