Currency risk management techniques include forward hedges, money market hedges, and option hedges. Draw one diagram to show the possible outcomes of these hedging alternatives for a foreign currency receivable contract. In your diagram, be sure to label the X and Y$-$axes, the put option strike price, and show the possible results for a money market hedge, a forward hedge, a put option hedge, and an uncovered position.

$($Note: Assume the put option strike price is $$1\mathrm{.}50/,$ the price of the option is $$0\mathrm{.}04,$ the forward rate is $$1\mathrm{.}52/,$ and the current spot rate, as it is $$1\mathrm{.}48/.$ Further, have the X$-$axis for the ending spot exchange rate and the Y$-$axis for receivables in $$/.$ For simplicity, you can assume you will receive one $$ in the future.$)$