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A U.S. firm has payables of 250,000 in nine months. The U.S. purchases a call option on the pound. The strike price is $28/ and
- A U.S. firm has payables of 250,000 in nine months. The U.S. purchases a call option on the pound. The strike price is $28/ and the premium is $.035/. What is the total dollar amount paid for the pound payable if the spot rate in nine months is (Multiply any $/ amount by 250,000)
- $1.20/
- $1.30/
- $1.35/
$1.45/
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