4. a. Suppose you are notified that a relative who recently died has left you $500,000 to be received on July 1, 2020. The will requires you to use these funds to buy new, 10-year U.S. bonds which you must hold for 10 years. What risk do you face and how would you hedge this risk with futures? How would you hedge this risk with options? (5 points) I ? I b. Assume there are only two countries in the world. If both countries agree to maintain a fixed exchange rate between their currencies, the two countries must have the same inflation rate? Do you agree? Explain your reasoning. (5 points)