RiverRock Capital Geneva (B). Christoph Hoffeman of RiverRock Capital now believes the Swiss franc (CHF) will appreciate versus the U.S. dollar in the coming 3-month period. He has USD100,000 to invest. The current spot rate is USD0.5824 = CHF1.00, the 3-month forward rate is USD0.5639 = CHF1.00, and he expects the spot rates to reach USD0.6252 = CHF1.00 in three months. a. Calculate Christoph's expected profit assuming a pure spot market speculation strategy. b. Calculate Christoph's expected profit assuming he buys or sells SF three months forward