4 10 points Rider Corp. has future receivables of 4,000,000 New Zealand dollars (NZ$) in one year. It must decide whether to use options or a Forward Contract. Use any of the following information to make the decision. Verify your answer by determining the estimate (or probability distribution) of dollar revenue to be received in one year for each type of hedge. Spot rate of NZ$ = $.54 One-year call option: Exercise price = $.50; premium = $.07 One-year put option: Exercise price = $.52; premium = $.03 Rate Probability Forecasted spot r $ 0.50 20% $ 0.51 50% $ 0.53 30% One Year Forward Rate on the NZ Dollar is $.495