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An Australian company exports to the US . When this company issues invoices to US companies it typically takes three months for the invoices to

An Australian company exports to the US. When this company issues invoices to US companies it typically takes three months for the invoices to be paid. The company is owed US$100 million and want to insure against a strengthening Australian dollar over the next three months so buys a European put option with face value F = US$100million and strike rate k to expire in three months. How much money, in AU$, canthe company expect to receive in three months?

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