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A firm has a receivable of SFr 3,000,000.00. They hedge this exposure with a put option with a strike price of $1.4583/SFr. The premium of

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A firm has a receivable of SFr 3,000,000.00. They hedge this exposure with a put option with a strike price of $1.4583/SFr. The premium of the option is $0.0875. If at the time of payment the spot price ends up equal to $1.4729/SFr, how much did the firm end up with? $4,156,200 O $4,112,400 $4,418,700 O $4,374,900 None of the above

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