5. Put option hedge on recelvables 1. Contengency G opht Suppose that Goodwin C0., a U.S. based MNC, knows that it will recelve 300,000 pounds in one year. It is considering a currency put option to hedge this recelvable. Currency put options on the pound with expiration dates in one year currently have an exercise price of $1.19 and a premium of $0.03. Goodwin Co. wishes to use its own forecast of what the spot rate might be for the pound one year from now. For each scenario in the following table, nil in the dollar amount received per unit for the put options (5th column), the total dollar amount received for 300,000 pounds when using the put options (6th column), and whether Goodwin would exercise the options (7th column) TOTAL SCORE: O/2