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A US company expects to receive 2million sterling at the end of March.Today's date is January 2ndand futures price today is 1.30 dollar per sterling.If

A US company expects to receive 2million sterling at the end of March.Today's date is January 2ndand futures price today is 1.30 dollar per sterling.If the spot and futures price when the contract is closed out are 1.32 dollar and 1.35 dollar per sterling, respectively, what is the effective price per sterling obtained for this US company?

1.35 dollar per sterling

1.45dollar per sterling

1.37 dollar per sterling

1.27dollar per sterling

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