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Micca Metals, Inc. is a specialty materials and metals company located in Detroit. The company specializes in specific precious metals and materials that are
Micca Metals, Inc. is a specialty materials and metals company located in Detroit. The company specializes in specific precious metals and materials that are used in a variety of pigment applications. Micca just purchased a shipment of phosphates from Australia for AUD6,000,000 payable in six months. Six month at-the money call options on AUD6,000,000 at an exercise price of USD0.9000/AUD1 are available at a premium of 3%. If the company enters into an option, the break-even exchange rate would be USD type your answer... (enter your response as x.xxxxx) per AUD1.00 (enter your response If the company enters into an option, the maximum amount they could realize if the exchange rate moves against them is USD type your answer.... with comma separators and without decimal places). If the company enters into an option, the maximum amount they could realize if the exchange rate moves in their favor is USD type your answer.... with comma separators and without decimal places). (enter your response
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