PLEASE HELP!

A bank customer will be going to London in June to purchase 100,000 of merchandise. Suppose the current spot rate is $1.534 per pound, and the June futures contract exchange rate is 1.69 (show your work for full credit). (1 point each)

1. To fully hedge her position on the potential exchange rate risk, what is the futures contract position she should take now?

2. The actual exchange rate in June is $1.450 per pound. From the futures contract in 1), what is the gain or loss on the position?

3. The actual exchange rate in June is $1.725 per pound. From the futures contract in 1), what is the gain or loss on the position?

4. Suppose the put or call options on the exchange rate is $.25 per pound. If the customer wants to hedge her position, what is the options contract position she should take now?

5. The actual exchange rate in June is $1.450 per pound. From the options contract in 4), what is the gain or loss on the position?

6. The actual exchange rate in June is $1.725 per pound. From the options contract in 4), what is the gain or loss on the position?