Question 44

Quasik Corp. will be receiving 300,000 Canadian dollars (C\$) in 90 days. Currently, a 90-day call option with an exercise price of $.75 and a premium of $.01 is available. Also, a 90 -day put option with an exercise price of $.73 and a premium of $.01 is available. Quasik plans to purchase options to hedge its receivables position. Assuming that the spot rate in 90 days is $.75, what is the net amount received? Group of answer choices $219,000 $222,000 $216,000