Use the following information to answer the next four questions: S0=$1.0980/SF;E($3mo)=$1.1260/SF;F3mo=$1.1120/SF. A currency speculator wth no initial position in the Swiss franc seems to agree with the expoctation given abovo for the Swiss franc. She decides to take advantage of what she sees as an opportunity. What position should this trader take in the franc if she does not want any initial outlay of cash? Buy the franc at the expected spot rate of $1.1260/ SF Sell the franc at the expected spot rate of \$1.1260/SF Bury tho franc at the forward rate of \$1.1120/SF Sell the tranc at the forward rate of \$1.112015F Buy the franc at today's spot rate of $1,0930/SF QUESTION 2 Assume that the speculatot in the above question ontered into a fontard contract to sell SF 72 million. If by the end of the three months period the Swiss franc ends up at \$1. 1310rSF. Calculate the total gain or loss that she would end up with $1,368,000 loss $1,368,000 gan $380,000los5