65 Hoffman Bank, Basel (B). Stefan Boerig of Hoffman Bank now believes that the Swiss frane will appreciate agairstst the British pound in the coming 3-month period. He has 250,000 to invest. The current spot rate is {00.7829/SF, the 3-month forward rate is f(0.7640/SF, and he expects the spot rates to reach C0. 7995/SF in three months. a. Calculate Stefan's expected profit, assuming a pure spot market speculation strategy. b. Calculate Stefan's expected profit, assuming he buys or sells Swiss francs three months forward. 65 Hoffman Bank, Basel (B). Stefan Boerig of Hoffman Bank now believes that the Swiss frane will appreciate agairstst the British pound in the coming 3-month period. He has 250,000 to invest. The current spot rate is {00.7829/SF, the 3-month forward rate is f(0.7640/SF, and he expects the spot rates to reach C0. 7995/SF in three months. a. Calculate Stefan's expected profit, assuming a pure spot market speculation strategy. b. Calculate Stefan's expected profit, assuming he buys or sells Swiss francs three months forward