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A firm has a payable of C $ 1 , 5 0 0 , 0 0 0 . 0 0 . They hegdge this exposure
A firm has a payable of $ They hegdge this exposure with a call option with a strike price of $$ The premium of the option is $ What is the firm's maximum total cost?
a $
b $
c $
d $
e None of the above
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