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A U.S. firm has exported goods to Brazil worth Real 100,000 which is receivable in three months. The spot rate today is $0.30 per Real

A U.S. firm has exported goods to Brazil worth Real 100,000 which is receivable in three months. The spot rate today is $0.30 per Real and the firm is afraid that the Real will depreciate. To hedge the receivables the firm buys a 3-month OTC option on the Real with an exercise/ strike price of $0.30 per Real at an option price of $0.01 per Real. Suppose 3 months later the spot rate settles at $0.27 / Real. What is the total account receivables in US $ to the U.S. firm, including the cost of the option?

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