QUESTION 3 Kasih (M) Bhd expects to receive 185 million in export payment from Japan in 3 months. The current spot rate is RM3.6112/4100 and the 90-day forward rate is RM3.6008 / 100. To mitigate the transaction risks, several information was provided by their bank for 3-months forward as follows: Borrowing rate Deposit rate Malaysia 3.5% for 12 months 2.5% for 12 months Japan 5.5% for 12 months 3.0% for 12 months Strike Price Premium Put Option RM3.6120/100 RM0.03/100 Call Option RM3.6100/100 RMO.03/100 Based on the above, justify the best hedging techniques for Kasih (M) Bhd by comparing the revenues earned in money market, forward market, and option contract