GG-Pearl Corp. is expecting to receive 500,000 British pounds in one year. The Company expects the spot rate of British pound to be $1.50 at that time, so it decides to consider avoiding exchange rate risk by hedging its receivables. The current spot rate of the pound is quoted at $1.55. The strike price of put and call options are $1.54 and $1.55, respectively. The premium on both options is $.03. The one-year forward rate exhibits a 1% discount from the current spot rate. Assume there are no other transaction costs What is the outcome GG-Pearl would experience if it chose to use a forward contact strategy to hedge this exposure? What is the outcome GG-Pearl would experience if it chose an option strategy to hedge this exposure? What is the outcome GG-Pearl would experience if it chose to employ no hedging strategy regarding this exposure