A hedge fund manager decided to implement a 3-month carry trade strategy using currencies Z and Y. At the inception of the trading strategy, the 3-month interest rates of currencies Z and Y were 4% and 6%, respectively, and the exchange rate between currency Z and Y was 3 (1 unit of Y buys 3 units of Z). At the end of the 3-month period, the exchange rate between currency Z and Y was 2.5. The amount invested by the hedge fund manager in this strategy was 10,000,000 in terms of currency Z

a) What do you expect to be the design of the carry trade strategy that this hedge fund manager has implemented? Explain your answer.