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A U.S. corporation has purchased currency call options to hedge a 69254 pounds payable. The premium is $0.05, and the exercise price of the option
A U.S. corporation has purchased currency call options to hedge a 69254 pounds payable. The premium is $0.05, and the exercise price of the option is $.75. If the spot rate at the time of maturity is $0.7, what is the total amount paid by the corporation if it acts rationally? (Pleas round your answers to a dollar, e.g., 29804. Do not include comma and $ in your answers)
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