Novoair is a Bangladeshi company which expects to receive $30000 in 60 days from a company in USA. It also has $30000 in its account. It can use any one of the following strategies to deal with the exchange rate risk. Estimate the cash flows in taka received as a result of using the following strategies. Use the following information to compute your answer.

Spot Rate Dollar 82 Taka 60-Day Forward Rate 81 Taka 60-Day Call Option Exercise Price = 82 Taka Premium = 1 Taka 60-Day Put Option Exercise Price = 84 Taka Premium = 2 Taka USD Taka 60-Day Interest Rate (Lending) 4% 5% 60-Day Interest Rate (Borrowing) 5% 6% Rate Probability Forecasted Spot Rate of Dollar 81 Taka 25% 83 Taka 45% 86 Taka 30% a. Money market hedge (2) b. Option hedge (3)