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Quasik Corporation, a U.S. based MNC, will be paying 300,000 Canadian dollars (CAD) in 90 days. Currently, a 90-day call option with an exercise price

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Quasik Corporation, a U.S. based MNC, will be paying 300,000 Canadian dollars (CAD) in 90 days. Currently, a 90-day call option with an exercise price of $0.75 per CAD and a premium of $0.01 per CAD is available. Also, a 90-day put option with an exercise price of $0.73 per CAD and a premium of $0.01 per CAD is available. Quasik plans to purchase one of these options to hedge its payable position. Assuming that the spot rate in 90 days is $0.76 per CAD, what is the total US dollar amount paid in the hedged position (including the option premium)? A. $219,000 B. $222,000. C. $216,000 D. $228,000

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