Part B Calculate how much it will cost the company to hedge with the option if its receivables of 200,000 euros. due in 365 days. The current spot rate for the euro is 1.62, the future spot rate in 12 months is expected to be $1.67, and the forward rate is 1.69. The payable is due in 12 months. A call option exists on euro with an exercise price of $1.68 with a premium of $.04 and 365-day expiration date. A put option exists on euro, with an exercise price of $1.70, with a premium of $.03, and a 365-day expiration date.