2. Assume that Sam Co. will receive MXP800,000 in 90 days. Today's spot rate of the Mexican Pesos is $0.040, and the 90-day forward rate is $.050. Sam has developed the following probability distribution for the spot rate in 90 days:

Possible Spot Rate
in 90 Days	Probability
$.041	10%
$.043	20%
$.045	40%
$.055	30%

The probability that the forward hedge will result in more dollars received than not hedging is:

	a.	10 percent
	b.	20 percent
	c.	30 percent
	d.	50 percent
	e.	70 percent