Answer $499,950.00 is incorrect.

Accepted characters: numbers, decimal point markers (period or comma), sign indicators (), spaces (e.g., as thousands separator, 5 000). "E" ore" (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker Complex numbers should be in the form (a + bi) where "a" and "b" need to have explicitly stated values. For example: (1+1i) is valid whereas (1+i) is not. (0+91) is valid whereas (9i) is not. A rn wants to use a PUT option to hedge NZD 10 million in receivables from New Zealand firms. The premium is $.02. The exercise price is S.50. At the expiration date, the spot rate is $.49. What is the total amount of dollars received (after accounting for the premium paid)? think about whether this company want to exercise its put option or not) in ycur answer, put 2 numbers after decimal place, Dont put $ or comma (.). simply enter, say, 1230456