A U.S. corporation has purchased currency put options to hedge a 109,558 Canadian dollar (C$) receivable. The premium is $0.04 and the exercise price of the option is $0.81. If the spot rate at the time of maturity is $0.75, what is the net amount received by the corporation if it acts rationally (round to a dollar)?

Tell me the answer in detail. Remember here the spot rate is lower than exercise rate

Assume that Patton Co. will receive 100,000 New Zealand dollars (NZ$) in 180 days. Today's spot rate of the NZ$ is $.50, and the 180-day forward rate is $.51. A put option on NZ$ exists with an exercise price of $.51, a premium of $.02, and a 180-day expiration date. The forecasted spot rate of the NZ$ in 90 days is $0.48 with probability 10%, $0.49 with probability 60%, and $0.55 with probability 30%. The probability that the put option will be exercised is ______. The estimated cost of currency put hedge in $ is _____.