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Please show the steps on how to solve this problem A U.S. corporation has purchased currency put options to hedge a 100.000 Canadian dollar (CS)

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A U.S. corporation has purchased currency put options to hedge a 100.000 Canadian dollar (CS) receivable. The premium is $.01 and the exercise price of the option is $.75. If the spot rate at the time of maturity is $.85, what is the net amount received by the corporation if it acts rationally? a $75,000. Ob $85.000 oc $74.000 od $84.000

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