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A small French corporation anticipates income of $ 5 2 , 5 0 0 over the course of the next few months, beyond its expenses.

A small French corporation anticipates income of $52,500 over the course of the next few months, beyond its expenses. It has the opportunity to lock in 5 sets of options contracts in the United States worth 10,000 Euro each at $1.05 per Euro. The premium to purchase the call is 2 cents ($0.02) per EUR or $200 per 10,000 EUR contract.
How much will the company receive if it exercises the options contract?
53,500 euro
51,000 euro
52,500 euro
50,000 euro
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