The following information on exchange rates and interest rates ae available for the U.S and euro:

U.S. six-month annualized rate = 8.0% ( 4% for 6 months)

Euro six-month annualized rate = 9.0% (4.5% for six months

Euro spot quote = $1.40/euro

Euro 6-month forward quote= $1.405/euro

Premium on 6-month put option on euro with strike price of $1.41 is $0.015

Plains State Manufacturing has an accounts receivable worth 1,250,000 due in six months.

-What value can Plains State lock in for the receivable if it executes a forward market hedge?

-What value can Plains State lock in for the receivable if it executes a money market hedge today?

-What value can Plain State lock in for the receivable if it executes an options market hedge?