2 points On December 1, 2020, Nikki Corporation (a U.S.-based company) sold goods to a foreign customer at a price of 1,040,000 pesos and will receive payment in three months on March 1, 2021. On December 1, Nikki acquired an option to sell Save Answer 1,040,000 pesos in three months at a strike price of $0.066. Relevant exchange rates and option premia for the peso are as follows: Put Option Premium for March 1, 2021 Date Spot Rate (strike price $0.066) December 1, 2020 $0.066 $0.0029 December 31, 2020 $0.065 0.0024 March 1, 2021 $0.064 N/A The intrinsic value of the foreign currency option on December 31, 2020 would be: O $2,080 O $2,420 $1,040 O $1,540