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Quasik Corporation will be receiving 300,000 Canadian dollars (CAD) in 90 days. Currently, a 90-day call option with an exercise price of $0.75 USD/CAD and

Quasik Corporation will be receiving 300,000 Canadian dollars (CAD) in 90 days. Currently, a 90-day call option with an exercise price of $0.75 USD/CAD and a premium of $0.01 USD/CAD is available. Also, a 90-day put option with an exercise price of $0.73 USD/CAD and a premium of $0.01 USD/CAD is available. Quasik plans to purchase one of the options to hedge its receivable position. Assuming that the spot rate in 90 days is $0.74 USD/CAD, what is the net amount received from the currency option hedge?

A. $219,000.
B. $222,000.
C. $216,000.
D. $213,000.

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