(4 Points) The US. three-month interest rate (unannualized) is 3%. The Canadia ree-month interest rate (unannualized) is 7%. A put option with a three-month expiration date on Canadian dollars is available for a premium of $0.04 and a strike rice of $0.60. The spot rate of the Canadian dollar is $0.64. Assume that you believe nInternational Fisher Effect (IFE) Antwest Ratt 761a a. Forecast the dollar amount of your profit or loss from buying a put optiem- receab verevch contract specifying C$100,000. (2 points)_ Forecast the USD received by A&M company which uses the put option to hedge against its 3 month receivables of C$ 100,000. (2 points) ANS: Please label a/b in your response to the two sub-questions respectively