following information refers to next 3 questions. Ibe folle You are the treasurer of Arizona Corporation and must decide how to hedge (if at all) future receivables of 350.000 Australian dollars (AS) 180 days from now. Put options are available for a premium of $0.01 per unit and an exercise price of $0.50 per Australian dollar. Call options are available for a premium of $0.01 per unit and an exercise price of $0.50 per Australian dollar. The forecasted spot rate of the Australian dollar in 180 days is: Future Spot Rate $0.46 $0.48 $0.52 Probability 20% 35% 45% The 180-day forward rate of the Australian dollar is $0.50. -An 2018 3il- so 20.6 points. Should they purchase a put or a call? Why? 21. 8 points. What is the probability that the option will be exercised (assuming Arizona purchased it)? 22.8 points. What is the probability that the forward hedge will result in more dollars received than the options hedge