QUESTION 15 Apex Corporation must pay its American supplier $13 million in three months. The list of options it can use for hedging is given in the table below: Option Type Strike Price (TL/USD) Option premium (TL/USD) Call 16.7405 0.2780 Put 6.8441 10.4725 Which option should Apex buy? What is the total cost of its hedging position Suppose the USD/TL exchange rate is TL7.110875 at expiration of the option contract. What is the net profit or loss from this position? CallTL1002343: TL239980 Put: TL6142500:-TL6142500 Call: 587626500: $4813900 Put TL88973300: TLO Call TL3614000 TL1199900 TIECTION 10