An Australian exporter WA Co. wants to export goods for 5.02 million Chinese yuan (CNY) and receive payment from a Chinese importer, Sing Tao, in one year. WA Co. also wants to minimise its exchange rate risk for receiving CNY5.02 by taking the money market hedging strategy.

1. Calculate the Australian dollar (A$) proceeds from the forward hedging strategy based on the information in Table 1. (Enter the whole number without sign and symbol).

2. Calculate the Australian dollar (A$) proceeds from the money market hedging strategy based on the information in Table 1. (Enter the whole number without sign and symbol).

3. Calculate the Australian dollar (A$) proceeds from the options hedging strategy based on the information in Table 1. (Enter the whole number without sign and symbol).

TABLE 1
For Chinese yuan (CNY)
Spot rate	A$0.438/CNY
One-year forward rate	A$0.5684/CNY
One-year CNY deposit and borrowing rate	7.74%
One-year call options	Exercise price = A$0.59
	Premium = A$0.04
One-year put options	Exercise price = A$0.54
	Premium = A$0.05
For Australian dollar (A$)
Spot rate	CNY3.3348/A$
One-year forward rate	CNY1.695/A$
One-year A$ deposit and borrowing rate	4.34%
One-year call options	Exercise price = CNY1.95
	Premium = CNY0.17
One-year put options	Exercise price = CNY1.53
	Premium = CNY0.13