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10 points Save Answer Mender Co. will be receiving 600,000 Australian dollars in 180 days. Currently, a 180-day call option with an exercise price of
10 points Save Answer Mender Co. will be receiving 600,000 Australian dollars in 180 days. Currently, a 180-day call option with an exercise price of $.68 and a premium of $.02 is available. Also, a 180-day put option with an exercise price of $.66 and a premium of $.02 is available. Mender plans to purchase options to hedge its receivables position. Assuming that the spot rate in 180 days is $.67, what is the amount received from the currency option hedge (after considering the premium paid)? a. $396,000 l $325,000 c. $390,000 d. $408,000
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