US Tech Case Assume that US Tech Ltd expects to receive S$500,000 in one year. The existing spot rate of the Singapore dollar is $0.60. The one-year forward rate of the Singapore dollar is $0.62. The company created a probability distribution for the future spot rate in one year as follows: Assume that one-year put options on Singapore dollars are available, with an exercise price of $0.63 and a premium of $0.04 per unit. One-year call options on Singapore dollars are available with an exercise price of $0.60 and a premium of $0.03 per unit. The current money market interest rates per annual are as follows: Required: Given this information, determine the amount in dollars to be received by: 1. a forward contract and describe the STEPS to be performed clearly. (10 marks) 2. a money market hedge and describe the STEPS to be performed clearly. (20 marks) 3. Identify which option can be used in this transaction and fill up the below table. 4. Comparing the most appropriate hedge to an unhedged strategy, and decide whether US Tech should hedge its receivables position. (3 marks) (Total 50 marks)