Gaspar is owed EUR 207,648 in one year, but his assets are in USD. He wishes to eliminate his forex risk using options. He can invest in put or call options with a strike price of USD 1.09 per EUR, and an option premium (in present value terms) of 2.1%, and an underlying asset of either EUR or USD. The current spot rate is USD 1.2 per EUR. What would her profit or loss on this hedge be if the spot rate at maturity was USD 1.2 per EUR?