5. A U.S. firm expects receivables of 300,000 in three months. The U.S. firm purchases a put option on the euros. The strike price is $1.20/ and the premium is $.021/. What is the total dollar amount received from the euro receivable if the spot rate in three months is (Multiply any $/ amount by 300,000)

$1.13/

$1.18/

$1.23/

$1.28/