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A U . S . firm has an account receivable of 1 , 0 0 0 , 0 0 0 due in one year. Use

A U.S. firm has an account receivable of 1,000,000 due in one year. Use the following information to determine the amount received in dollars by the U.S. firm- net of the cost of hedging- if they decide to use an option to hedge their exposure. Assume that the exchange rate in one year is $1.14/. Enter answer in dollars, rounded to two decimal places.
Call option: strike $1.06/, premium: 0.03$/
Put option: strike: $1.08/, premium: 0.02$/
US interest rate: 5.8%
Germany interest rate: 4.4%
Firm's cost of capital: 6.5%
The U.S. and Germany interest rates quoted above are investment rates, the U.S. firm is able to borrow at 3% per annum above those rates.

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