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FAI Corporation will be receiving 400,000 Canadian dollars (C$) in 90 days. Currently, a 90-day call option with an exercise price of $0.79 and

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FAI Corporation will be receiving 400,000 Canadian dollars (C$) in 90 days. Currently, a 90-day call option with an exercise price of $0.79 and a premium of $0.02 is available. Also, a 90-day put option with an exercise price of $0.77 and a premium of $0.02 is available. FAI plans to purchase options to hedge its receivable position. Assuming that the spot rate in 90 days is $0.82, what is the net amount received from the currency option hedge? Here is the link to a blank excel spreadsheet: blank worksheet fox exam.xlsx O A. 308,000 B. 300,000 OC. 351,000 O D. 320,000 OE. 328,000

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