Q2. Assume that Loras Corp. imported goods from New Zealand and needs 100,000 New Zealand dollars 180 days from now. It is trying to determine whether to hedge this position. Loras has developed the following probability distribution for the New Zealand dollar: The 180-day forward rate of the New Zealand dollar is \$.52. The spot rate of the New Zealand dollar is \$.49. Develop a table showing a feasibility analysis for hedging. That is, determine the possible differences between the costs of hedging versus no hedging. What is the probability that hedging will be more costly to the firm than not hedging? Determine the expected value of the additional cost of hedging. Q4. As treasurer of Tucson Corp. (a U.S. exporter to New Zealand), you must decide how to hedge (if at all) future receivables of 250,000 New Zealand dollars 90 days from now. Put options are available for a premium of \$.03 per unit and an exercise price of $.49 per New Zealand dollar. The forecasted spot rate of the NZS in 90 days follows: Given that you hedge your position with options, create a probability distribution for U.S. dollars to be received in 90 days