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Question 27 2 pts Roadrunner Co. will receive 4,000,000 Israeli shekels in 30 days. Use the following information to determine the total dollar amount received

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Question 27 2 pts Roadrunner Co. will receive 4,000,000 Israeli shekels in 30 days. Use the following information to determine the total dollar amount received (after accounting for cost and potential value of the option) if the firm purchases and exercises a put option and the shekel is worth $0.20 in 30 days. Exercise Price Cost of Put Spot Rate Today Actual Rate in 30 days $0.25 .03 or 3 cents $0.30 $0.20 O $1,000,000 $800,000 O $1,200,000 $880,000

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