A firm wants to use a PUT option to hedge NZD 10 million in receivables from New Zealand firms. The premium is $.02. The exercise price is $.50. At the expiration date, the spot rate is $.49. What is the total amount of dollars received (after accounting for the premium paid)? (think about whether this company want to exercise its put option or not) In your answer, put 2 numbers after decimal place, Dont put $ or comma (,). simply enter, say, 1230456.