You are a currency trader at the Venture Funds in Ho Chi Minh City, Vietnam. You consider that the Australian dollar (A$) will depreciate against the US dollar ($) over the coming 90 days. The current spot rate is $0.6750/A$. Option Strike Price Premium Put on A$ $0.6550 $0.00063/A$ Call on A$ $0.6550 $0.00009/A$ Should you buy a put or a call on the A$ based on your expectation? Justify your decision. List three reasons to support your view regarding the depreciation of the Australian dollar. What is the breakeven price on the option purchased in part (a)? Using the response from (a), calculate your gross profit (loss) and net profit (loss) if the spot rate at the end of 90 days is $0.7150/A$ and your trading amount is U$1 million. [3 marks] In a different transaction, assuming that, in September 2022, you sold a contract due on June 2023 crude oil futures. You closed out the position in April 2023. The futures price (per barrel) was $85.36 when you entered the contract, $80.90 when you closed the position, and $76.93 at the end of December 2022. One contract is for the delivery of 1,000 barrels. What is the companys total profit (loss)? When is it realized? How is it taxed if it is (a) a hedger and (b) a speculator? Assume that the company has a 31st December year-end. Please help