An Australian exporter WA Co. will receive 5.82 million Chinese yuan (CNY) from a Chinese importer Sing Tao in one year. WA Co. analyses the different hedging strategies (forward, money market and options) using the market information in the following Table 1 to minimise its exchange rate risk for the Australian dollar (A$) cash flow. TABLE 1 For Chinese yuan (CNY) Spot rate One-year forward rate One-year CNY deposit and borrowing rate One-year call options One-year put options For Australian dollar (A$) Spot rate One-year forward rate One-year A$ deposit and borrowing rate One-year call options One-year put options A$0.4965/CNY A$0.5798/CNY 7.20% Exercise price = A$0.61 Premium = A$0.03 Exercise price = A$0.57 Premium = A$0.05 CNY3.2803/A$ CNY1.8749/A$ 4.60% Exercise price = CNY1.72 Premium CNY0.16 Exercise price = CNY2.31 Premium CNY0.11 Calculate the A$ proceeds from the forward hedging strategy based on the information in Table 1. (enter the whole number without sign and symbol). Answer: (Question 2) Calculate the A$ proceeds for the money market hedging strategy using the market information in Table 1. (enter the whole number without sign and symbol)