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Microsoft is bidding for a contract to sell computers to South Africa for 1 7 m South African Rands ( ZAR ) . To hedge

Microsoft is bidding for a contract to sell computers to South Africa for 17m South African Rands (ZAR). To hedge its transaction exposure, MSFT buys put options with strike price of $ 0.065/ ZAR and put premium of $ 0.002/ ZAR.
If at expiration the spot exchange rate is $ 0.061/ZAR, how many dollars will Microsoft receive for winning and fulfilling the contract (factoring in the hedge position)?

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