Bridge Ltd is an MNE with its holding company located in Sydney, Australia. It has a New Zealand subsidiary which has declared a dividend of 20 million New Zeland Dollars (NZD), payable in three months from Wellington to the holding company in Sydney. You are considering hedging your exposure to NZD. The following quotes are available. Spot exchange rate NZD 1.16 / AUD Expected spot rate in 3 months NZD1.17 / AUD 3-month forward rate NZD 1.1657 / AUD 3-month NZD interest rate 6% per annum 3-month AUD interest rate 4% per annum 3-month put option on NZD at strike price of NZD 1.1100 / AUD, premium of AUD 0.0150 / NZD. a) What are the costs of each alternative for hedging the dividend receivable by the Australian Subsidiary