Calculate the espected cash flows $($and standard deviation, where appropriate$)$ for all hedging possibilities, You noed to identify the best possible hedging technique. One the third exam, this question is worth $30$ points. You will receive $4$ points for each correct calculation $164-24)$ and $6$ noints for the comrect identification of the most appropeiate hedging technique.

Compary $x$ hars receivables of $128,315$ AUD in $9$ months. The spot AUDUSD is $0\mathrm{.}7708.$ Forecast indicates that the AUD could either end up with a value of chance $$,$ a value of $50\mathrm{.}7689\{28\%$ chance$|$ or a value of $$0\mathrm{.}7619$ I $51\%$ chancel. The US interest rates are: deposit $3\mathrm{.}15\%$ and borrowirg $3\mathrm{.}17\%,$ and the AUD interest rates are: deposit $3\mathrm{.}04\%$ and borrowing $3\mathrm{.}08\%.9-$month forwards on the AUD are priced at $0\mathrm{.}7712$ USO. Put options with $9$ months expiration and strike price of $$0\mathrm{.}7690$ are available for a premium of USD $$0\mathrm{.}014$ and call options with $9$ months expiration and strike price of $$0\mathrm{.}7723$ are available for a premium of USD $$0\mathrm{.}016$

In your answer below. you could provide a $4x8$ table $($see top right comer of text box$)$ and enter your answer choices the follawing war:

$\backslash$table$[[,$Expected CF$,,$SD$],[$Non Hedging,answer,,answer$],[$Fonward$,$answer,,$],[$Money Market,answer,,$],[,,,],[$Option$,,,]]$