Archer Daniels Midland Company $($ADM$)$ will export a large cocoa powder order to a Swiss chocolate company. ADM will receive payment of $10$ M CHF $(10$ million Swiss francs$)$ on September $21,2020.$ ADM s currency of operation is the US dollar $($USD$)$; therefore, ADM is concerned about the volatility of the dollar$-$franc exchange rate. You are helping to construct a hedge using foreign currency options on the Nasdaq OMX.

PHILX exchange where a contract for $10,000$ CHF trades. Assume today is in June $2020."$

You have the following information on the Nasdaq OMX PHLX option premiums $($assume the premiums correspond to the required maturity date$).$ Premiums and strike rates are expressed in USD per one CHF$.$

Assume ADM uses options with a strike price of USD $0\mathrm{.}9500$ per CHF to hedge $($and the optimal option $($put$/$cali$),$ maturity, and number of contracts you've selected$).$

Call Premium $0\mathrm{.}06500\mathrm{.}06000\mathrm{.}05500\mathrm{.}05000\mathrm{.}045000\mathrm{.}04000\mathrm{.}0350$

Strike $0\mathrm{.}920\mathrm{.}930\mathrm{.}940\mathrm{.}950\mathrm{.}960\mathrm{.}970\mathrm{.}98$

Put Premium $0\mathrm{.}03500\mathrm{.}04000\mathrm{.}04500\mathrm{.}05000\mathrm{.}05500\mathrm{.}06000\mathrm{.}0650$

Assume ADM uses options with a strike price of USD $0\mathrm{.}9500$ per CHF to hedge $($and the optimal option $($put$/$call$),$ maturity, and number of What is the foal payoff on ALL the option contracts for the indicated spot rate scenarios on September $21,2020?$