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Please use the following information for the next 2 questions. The nominal annual interest rate in Mexico is 20%. The nominal annual interest rate in

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Please use the following information for the next 2 questions. The nominal annual interest rate in Mexico is 20%. The nominal annual interest rate in the U.S. is 7%. Melissa expects that annual inflation will be about 18% in Mexico and 4% in the U.S. The spot rate of the Mexican peso is $0.052 per Mexican peso. Melissa will receive 1 million Mexican pesos in one year. Question 2 (3.33 points) Determine the amount of dollars that Melissa will receive if Melissa uses a forward hedge and believes that IRP presently exists. $46,366.67.$61,360.00$48,981.65$58,317.76 Question 3 (3.33 points) Determine the expected amount of dollars that Melissa will receive if Melissa uses an option hedge and believes in purchasing.power parity (PPP), Both put options and call options on Mexican pesos are available with one year expiration date with an exercise price of $0.043/MXP and a premium of $0.003/MXP. $45,830.51

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