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A US EXPORTER has a JPY125,000,000 (Japanese yen) receivable due in one year. Estimate the cost (total $ premium that you have to pay) today

A US EXPORTER has a JPY125,000,000 (Japanese yen) receivable due in one year. Estimate the cost (total $ premium that you have to pay) today of an options strategy that will eliminate exchange rate risk.

Group of answer choices

a) $9,375

b) $12,500

c) $937,500

d) $1,250,000

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