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Dell ( a U . S . based company ) has entered a contract that calls for the company to export computers to koda Auto

Dell (a U.S. based company) has entered a contract that calls for the company to export computers to koda Auto (a Czech Republic company). The contract will be invoiced in Euros. We will ignore the exchange risk for koda. The amount of the contract is 5,500,000 payable in one-year. The current U.S. interest rate is 3% per annum and the Euro interest rate is 6% per annum. The current spot exchange rate is US$1.12/, and the one-year forward rate is US$1.06/. Further, Dell can buy call options at a cost of US$.0175/ with an exercise price of US$1.10/ and put options with a cost of US$.0275/ and an exercise price of US$1.075/. Compute the net proceeds in US$ for Dell's accounts receivable using each of the following techniques (SHOW ALL WORK). Which technique should be used? Why?
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