QUESTION 3 Fairfield Corp. has future receivables of 1,000,000 Singapore dollars (SS) in one year. It must decide whether to use options to hedge this position. Use any of the following information to make the decision. What is the expected proceeding the company will receive in one year? (1.4 points) Spot rate of S$ = $.54 One-year call option: Exercise price - $.50; premium = $.07 One-year put option: Exercise price - S.52; premium - 5.03 Rate Probability. Forecasted spot rate of SS next year S.50 20% 50 .51 30