Consider the following spot and outright forward quotes for AUD $($Australian dollars$)$ and USD:

Spot $1$ year

USD$/$AUD $0\mathrm{.}78540\mathrm{.}7697$

$12.$ Suppose you expect a $1\mathrm{.}03\%$ depreciation in AUD against USD in one year. What contract would you make to speculate in the forward market by either buying or selling a AUD$1,000,000$ forward? What is your expected dollar profit? $\_\_\_\_\_\_\_\_\_\_\_\_.$

$($a$)$ buy; $$7,610\mathrm{.}38$

$($b$)$ buy; $$8,098\mathrm{.}62$

$($c$)$ sell; $$7,610\mathrm{.}38$

$($d$)$ sell; $$8,098\mathrm{.}62$