Assume that Patton Co. will receive 100,000 New Zealand dollars (NZ\$) in 180 days. Today's spot rate of the NZ\$ is $.505, and the 180 -day forward rate is $.515. A call option on NZ\$ exists, with an exercise price of $.525, a premium of $.02, and a 180-day expiration date. A put option on NZ\$ exists with an exercise price of $.505, a premium of $.02, and a 180-day expiration date. Patton Co. has developed the following probability distribution for the spot rate in 180 days: Possible Spot Rate in 90 Days Probability $.4810% $.4960% $.5530%