Import Company will be paying SUS$1$ million in three months' time $(90$ days$)$ for some incoming stock. Because the company does not think that the AUD will move far and wishes to take advantage of this, it decides to sell an option to hedge this exposure.

Which of the following statements for this option transaction is correct?

Select one:

a$.$ If in three months the AUD is lower than the strike rate, the option sold by Import Company will be exercised

b$.$ The maximum loss that the importer can make on this option is the premium

c$.$ The maximum that Import Company can earn from this option is the premium

d$.$ A sold AUD put$/$USD call will result in the correct protection for the importer