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A U.S. company has British pound 2 million payables in 90 days. The company decide to use option contracts to manage its FX risk from

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A U.S. company has British pound 2 million payables in 90 days. The company decide to use option contracts to manage its FX risk from this international transaction and has the following information about the option contracts. A 90 day call option contract for BP 2 million with strike rate = $1.74/BP, call premium per British pound is $0.02 A 90 day put option contract for BP 2 million with strike rate = $1.75/BP, put premium per British pound is $0.02 Which option contract the company need to purchase? O purchase a put option O write a put option O purchase a call option O write a call option

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