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Question 5 5 pts Assume you are a US importer with an account payable denominated in New Zealand dollars to be paid in one year,

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Question 5 5 pts Assume you are a US importer with an account payable denominated in New Zealand dollars to be paid in one year, in the amount of NZD 3,500,000. The current spot rate is 0.64 USD per NZD. You have decided to hedge using a call option, with an exercise price of 0.62 and a premium of 0.07 USD. What would be the hedged US dollar amount of the payable if in one year the spot rate is 0.61 USD per NZD? Enter your answer with no decimals

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