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A Japanese exporter has a 1 , 0 0 0 , 0 0 0 receivable due in one year. Estimate the cost today of an

A Japanese exporter has a 1,000,000 receivable due in one year. Estimate the cost today of an options strategy that will eliminate exchange rate risk.
Listed Options
Strike Puts Calls
Euro62,500 $ 1.25=1.00 $ 0.0075 per $ 0.01 per
Yen12,500,000 $ 1.00=100 $ 0.0075 per1000.01 per100
Multiple Choice
$5,000
$12,500
none of the options
$20,000

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