The U$.$S$.$ three$-$month interest rate $($unannualized$)$ is $4\mathrm{.}25\%.$ The Sweden three$-$month interest rate $($unannualized$)$ is $5\mathrm{.}70\%.$ There are three$-$month European call options and put options available for Swedish krona $($SEK$).$ Both options have the same premium of $$0\mathrm{.}0018/$SEK and a strike price of $$0\mathrm{.}0950/$SEK$.$ The spot rate of the Swedish krona $($SEK$)$ is $$0\mathrm{.}0960/$SEK$.$ Assume that you believe in International Fisher Effect $($IFE$),$ that is$,$ the future spot exchange rate is determined by the IFE. $$

a$.$ Forecast the dollar amount of your profit or loss from buying a $3-$month European call option contract specifying SEK$10,000,000.$ Round the intermediate calculations to $4$ decimal places and final answer to $2$ decimal places.

b$.$ Forecast the USD received by A&M company which uses the put option to hedge against its $3$ month receivables of SEK$10,000,000.$ Round the intermediate calculations to $4$ decimal places and final answer to $2$ decimal places.