A currency speculator at Goldman Sachs observes the following quotes: S($/)=0.9125 and F3($/)=0.9075 and decides to short 5,000,000 with delivery in 3 months. After 3 -months, S($/)=0.9091. This transaction will result in a 1. 0.70% annualized loss approx. 2. 0.1760% annualized loss. 3. 0.1760% annualized profit. 4. 0.70% annualized profit approx