On December 1 2020 Pimlico made sales to a customer in India and recorded Accounts Receivable of 10 000,000 rupees The customer has until March

1. 2021 to pay. On December 1, 2020, Pimlico paid $500 for a put option to seil rupees at a stnike price of $2 30 per 100 rupees on March 1 2021, which

was the spot rate on December 1, 2020 On December 31. 2020 the spot rate was $2 80 per 100 rupees and the option premium was S0 004 per 100

rupees.

Tout of 1 pont Question 20 Use the following information to answer question 20, 21, 22 and 23 On December, 2020 Price made to esto a customer in India and recorded Accounts Recevable of 10.000.000 rupees. The customers and are 12021 to pay On December 1, 2020 Amico pod 500 for at option to all rupees at a price of $2.30 peto pees on March 2021 was the spot rate on December 2020 On December 31 2020 the spot rate was $280 per 100 rupees and he top 1000 100 rupees Question 21 O out of 1 ports What is the fair value of the option on December 31, 20207 Question 22 O out of points What is the foreign currency exchange gain or loss on December 31, 2020? Question 23 out of 1 points If the spot rate on March 1, 2021 was 52 45 per 100 rupees what is the foreign currency exchange gain or loss that should be recorded that day