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Assume you are a US exporter with an account receivable denominated in Singapore dollars to be paid to you in one year, in the amount

Assume you are a US exporter with an account receivable denominated in Singapore dollars to be paid to you in one year, in the amount of SGD 705,611. The current spot rate is 0.71 USD per SGD. You have decided to hedge using a put option, with an exercise price of 0.71 and a premium of 0.05. 


What would be the hedged US dollar amount of the receivable if in one year the spot rate is 0.71 USD per SGD? Enter your answer with no decimals

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