If $M$ and $N$ are $R$- modules, then under what conditions $\operatorname{Hom}(M,N)$ is projective?
I was trying to show that $\operatorname{Hom}(M,N)$ might be written as tensor product of two modules, i.e. Of dual of $M$ and $N$ (like in case of vector spaces), if $M$ and $N$ are free. And then use the fact that tensor product of two free modules is free, but I was unable to extend the proof in case of vector spaces to modules. I don't know is it right direction. So any help regarding this would be appreciated...