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Assume you are a US importer with an account payable denominated in Singapore dollars due in one year, in the amount of SGD 4,484,933. The

Assume you are a US importer with an account payable denominated in Singapore dollars due in one year, in the amount of SGD 4,484,933. The current spot rate is 0.65 USD per SGD. You have decided to hedge using a call option, with an exercise price of 0.63 and a premium of 0.02. What would be the hedged US dollar amount of the payable if in one year the spot rate is 0.62 USD per SGD? Enter your answer with no decimals

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