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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 used

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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 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 per AUD 1.00 If the company enters into an option, the maximum amount they could realize if the exchange rate moves against them is If the company enters into an option, the maximum amount they could realize if the exchange rate moves in their favor is

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