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Pacifico Company, a U . S . - based importer of beer and wine, purchased 1 , 0 0 0 cases of Oktoberfest - style

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Pacifico Company, a U.S.-based importer of beer and wine, purchased 1,000 cases of Oktoberfest-style beer from a German supplier for 200,000 euros. Relevant U.S. dollar exchange rates for the euro are as follows:
\table[[Date,Spot Rate,\table[[Forward Rate to],[October 15]],\table[[Call Option Premium],[for October 15],[(strike price $1.05)]]],[August 15,$1.05,$1.11,$0.05
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