The treasure of the German MNC has the following information.

The current spot exchange rate is $?150/$euro$.$

The forward exchange rate is $?160/$euro in three months.

Call option on Euro: exercise price $?150$ with expiration date in three months and premium is $?4\mathrm{.}00/$euro$.$

Put option Euro: exercise price $?150$ with expiration date in three months and premium is$?5\mathrm{.}00/$euro$.$

Expected exchange rate of Euro in three months: $?140/$euro$.$

Specify the currency you are dealing with in your answer.

$[1]$ As a speculator in the currency market, how would you speculate with forward and options contracts?

$[2]$ Suppose you are a treasurer in a British MNC and the MNC is going to receive $?300$M in three months. You are concerned about the Euro amount you are going to get from the Japanese Yen $($JPY$)$ receipt in $3$ months. How would you hedge forward and options contracts?

$[3]$ Suppose you are treasurer in a MNC and the MNC is going to pay $?300M$ in three months. You are concerned about the Euro amount you need to use in $3$ months. How would you hedge forward and options contracts?