Let $M$ and $N$ are two $R$-module. Prove or disprove: $Hom_R(M,N) \simeq M^\ast \otimes_R N$.
Approach:
Define a bi-linear map $\phi$ : $M^\ast \times N \longrightarrow Hom_R(M,N)$ by $(f,m)\mapsto f_m$
where $ f_m : M \longrightarrow N $ is defined by $f_m (n) = f(m) n, \forall n\in N$.
Hence this $\phi$ gives a linear map $M^\ast \otimes N \longrightarrow Hom_R(M,N)$.
But I can't able to cook up any map from $ Hom_R(M,N) \longrightarrow M^\ast \otimes N$ which is inverse of $\phi$.
Hence my guess is that the statement is wrong. Am I going to right direction? What is the minimum condition needed so that the isomorphism holds. Is it $N$ has to be free over $R$?