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%.

In the context of this information, match the lines on the following graph with the appropriate labels (note there are fewer blanks than available responses):

What is the label for line A?	Choose...Long CallPremium of USD162,000Hedged PayableUSD0.8700/AUD1USD0.9000/AUD1USD0.9300/AUD1S(USD/AUD)180 daysUnhedged ReceivablePremium of USD180,000Unhedged PayableLong ForwardCall Option Hedge
What is the label for line B?	Choose...Long CallPremium of USD162,000Hedged PayableUSD0.8700/AUD1USD0.9000/AUD1USD0.9300/AUD1S(USD/AUD)180 daysUnhedged ReceivablePremium of USD180,000Unhedged PayableLong ForwardCall Option Hedge
What is the label for line C?	Choose...Long CallPremium of USD162,000Hedged PayableUSD0.8700/AUD1USD0.9000/AUD1USD0.9300/AUD1S(USD/AUD)180 daysUnhedged ReceivablePremium of USD180,000Unhedged PayableLong ForwardCall Option Hedge
What is the label for line D?	Choose...Long CallPremium of USD162,000Hedged PayableUSD0.8700/AUD1USD0.9000/AUD1USD0.9300/AUD1S(USD/AUD)180 daysUnhedged ReceivablePremium of USD180,000Unhedged PayableLong ForwardCall Option Hedge
What is the label for line E?	Choose...Long CallPremium of USD162,000Hedged PayableUSD0.8700/AUD1USD0.9000/AUD1USD0.9300/AUD1S(USD/AUD)180 daysUnhedged ReceivablePremium of USD180,000Unhedged PayableLong ForwardCall Option Hedge
What is the label for line F?	Choose...Long CallPremium of USD162,000Hedged PayableUSD0.8700/AUD1USD0.9000/AUD1USD0.9300/AUD1S(USD/AUD)180 daysUnhedged ReceivablePremium of USD180,000Unhedged PayableLong ForwardCall Option Hedge
What is the label for line G?	Choose...Long CallPremium of USD162,000Hedged PayableUSD0.8700/AUD1USD0.9000/AUD1USD0.9300/AUD1S(USD/AUD)180 daysUnhedged ReceivablePremium of USD180,000Unhedged PayableLong ForwardCall Option Hedge
What is the label for line H?	Choose...Long CallPremium of USD162,000Hedged PayableUSD0.8700/AUD1USD0.9000/AUD1USD0.9300/AUD1S(USD/AUD)180 daysUnhedged ReceivablePremium of USD180,000Unhedged PayableLong ForwardCall Option Hedge
What is the label for line I?	Choose...Long CallPremium of USD162,000Hedged PayableUSD0.8700/AUD1USD0.9000/AUD1USD0.9300/AUD1S(USD/AUD)180 daysUnhedged ReceivablePremium of USD180,000Unhedged PayableLong ForwardCall Option Hedge