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Muse Corporation has purchased currency put options to hedge a 500,000 Canadian dollar (C$) receivable. The premium is $.01, and the exercise price of the

Muse Corporation has purchased currency put options to hedge a 500,000 Canadian dollar (C$) receivable. The premium is $.01, and the exercise price of the option is $.80. If the spot rate at the time of maturity is $.83, what is the net amount realized by Muse Corporation on this transaction?

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