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Eduardo Publishing wants to use an option to hedge BRL 12.5 million in receivables from its Brasilian suppliers. The premium is $.02. The exercise price

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Eduardo Publishing wants to use an option to hedge BRL 12.5 million in receivables from its Brasilian suppliers. The premium is $.02. The exercise price is $.57. If the option is exercised, what is the total amount of USD received after accounting for the premium paid? $7,100,000 $7,680,000 $6,825,000 $6,625,000

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