You are the treasurer of Arizona Corporation and must decide how to hedge (if at all) future receivables of 350,000 Australian dollars (A$) 180 days from now. Put options are available for a premium of $0.02 per unit and an exercise price of $0.50 per Australian dollar. The forecasted spot rate of the Australian dollar in 180 days is: Future Spot Rate Probability $0.46 20% $0.48 30% $0.52 50% The 180-day forward rate of the Australian dollar is $0.50. What is the probability that the forward hedge will result in more dollars received than the options hedge? a. 50% b. 20% O c. 100% O d. 0% e. None of these choices are correct. You are the treasurer of Arizona Corporation and must decide how to hedge (if at all) future receivables of 350,000 Australian dollars (A$) 180 days from now. Put options are available for a premium of $0.02 per unit and an exercise price of $0.50 per Australian dollar. The forecasted spot rate of the Australian dollar in 180 days is: Future Spot Rate Probability $0.46 20% $0.48 30% $0.52 50% The 180-day forward rate of the Australian dollar is $0.50. What is the probability that the forward hedge will result in more dollars received than the options hedge? a. 50% b. 20% O c. 100% O d. 0% e. None of these choices are correct