Question: The current spot exchange rate is $ 1 . 5 5 / and the 9 0 - day forward rate is $ 1 . 5

The current spot exchange rate is $1.55/ and the 90-day forward rate is $1.52/. Based on your forecasting model of $/, you are confident that the spot exchange rate will be $1.32/ in 90 days. What actions do you need to take today to speculate to make a profit based on this forecast (assuming no transaction costs)?
a.
Buy a 90-day $ forward for $1.52/.
b.
Sell a 90-day $ forward for $1.52/.
c.
Buy $ today at $1.55/; wait 90 days, if your forecast is correct sell $ at $1.32/.
d.
Sell $ today at $1.55/; wait 90 days, if your forecast is correct buy $ at $1.32/.

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