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A firm has a payable of 3,500,000, It hedges this transaction with a call option with a strike price of $1.9500/. The premium of the

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A firm has a payable of 3,500,000, It hedges this transaction with a call option with a strike price of $1.9500/. The premium of the option is $0.0780. What is the firm's total cost (in dollars) if at the time of payment the spot price is equal to $1.7940/

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