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Suppose that on the hedge lifting date in February the value of the euro has dropped to $1.25. Also on this date, the March euro

Suppose that on the hedge lifting date in February the value of the euro has dropped to $1.25. Also on this date, the March euro futures price is $1.24. How much would the 50,000,000 convert to - in USD - in the international transfer?

Question options:

1)

$62,500,000

2)

$62,000,000

3)

$64,000,000

4)

$50,000,000

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