Question 3 Your firm will have to pay CAD20,000,000 in the next 3 months. You have following information: $0.92 Current spot rate of CADI Call Option on CAD Exercise price Premium per CAD 1.15 0.005 Put option on CAD Exercise price Premium per CAD 1.03 0.007 Forward contract on CAD Bid Ask 1.109 1.115 Future Contract on CAD 1.108 $1.0000 If the exchange rate of CAD at the end of 3- month period is: Looking back, meaning taking the exchange rate of S1 at expiration date into account, which hedging method is the best for you, Find the amount of USD will have to pay in this best case