1. A U.S. firm expects receivables of 150,000 in three months. The U.S. firm purchases a put option on the euros. The strike price is $.06/ and the premium is $.04/. What is the total dollar amount received from the euro receivable if the spot rate in three months is (Multiply any $/ amount by 150,000)

• $1.00/

• $1.05/

• $1.10/

$1.15/