what's the answerRiverRock Capital Geneva $($A$).$ Christoph Hoffeman trades currency for RiverRock Capital of

Geneva. Christoph has USD$10$ million to begin with, and he must state all profits at the end of any

speculation while the $30-$day forward rate is USD$1\mathrm{.}3350=$ EUR$1\mathrm{.}00.$

a$.$ If Christoph believes the euro will continue to rise in value against the U$.$S$.$ dollar and expects

the spot rate to be USD$1\mathrm{.}3600=$ EUR$1\mathrm{.}00$ at the end of $30$ days, what should he do$?$

b$.$ If Christoph believes the euro will depreciate in value against the U$.$S$.$ dollar and expects the

spot rate to be USD$1\mathrm{.}2800=$ EUR$1\mathrm{.}00$ at the end of $30$ days, what should he do$?$