Question 1 1.67 pts As an advisor at Commonwealth Bank of Australia, you are advising a client on the costs and benefits of hedging a foreign transaction with options. Your client, an Australian exporter, is scheduled to receive a payment of 7.500,000 on September 15, 90 days in the future. Assume that your client can borrow and lend at a 10% per annum Australian interest rate. Use the appropriate American option with a September maturity and a strike price of AUD1.60/ to determine the Australian dollar cost today of hedging the transaction with an option strategy. The cost of the call option is AUDO.03/, and the cost of the put option is AUDO.04/. Assuming a 360- day year, what is the minimum Australian dollar revenue your client will receive in September? Remember to take into account of the opportunity cost of doing the option hedge. O AUD11,670,000 AUD11,692,500 AUD11,769,375 O AUD11,752,500 O AUD12,000,000