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A U . S . company wants to use a currency put option to hedge 1 0 million Danish kroner in accounts receivable. The premium

A U.S. company wants to use a currency put option to hedge 10 million Danish kroner in accounts receivable. The premium of the currency put option with a strike price of $0.20 is $0.05. If the option is exercised, what is the total net amount of dollars received after accounting for the premium payment?
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