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A U.S. corporation has purchased currency put options to hedge a 370,077 Canadian dollar (C$) receivable. The premium is $0.01 and the exercise price of

A U.S. corporation has purchased currency put options to hedge a 370,077 Canadian dollar (C$) receivable. The premium is $0.01 and the exercise price of the option is $0.89. 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? (Please round to a dollar.)

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