3. Calculate and discuss: A company in the United States will pay 200,000 pounds in 180 days, and the company's financial controller is considering using (1) Hedge in the forward market (2) Hedge in the money market, (3) Hedging options (4) Remain unhedged. The company received the following financial quotes: Today's spot exchange rate is $1.50 / ; The 180-day forward rate is $1.47 / ; The level of interest rate is: Pound sterling USD 180-day deposit rate 4.5% 4.5% 180-day loan rate 5.0% 5.0% The strike price of 180-day Sterling call option is $1.48 / , and the option premium is $0.03 / The strike price of 180-day Sterling put option is $1.49/ and the option premium is $0.02 / The company forecasts the market's spot exchange rate 180 days from now: Possible results Probability of Occurrence $ 1.43 / 20% $ 1.46 / 70% $ 1.52 / 10% The company's finance chief believes it is necessary to calculate the dollar cost of each method of buying pounds in order to find the least expensive method. Please calculate, compare and discuss the results of the four methods