SEVEN Co. expects to receive CHF1,000,000 in 30 days. Based on the following information, determine the total dollar amount received if the company purchases and exercises a put option:

Exercise price = USD0.61

Premium = 1.35%

Spot rate = USD0.60/CHF

Expected spot rate in 30 days = USD0.56/CHF

30-day forward rate = USD0.62/CHF

Sevens WACC= 12%

Select one: A. USD 610,075.60 B. USD 609,924.40 C. USD617,560.00 D. USD 609092.80