$($Transaction Exposure$)$Trident $-$ A U$.$S$.-$based company, has concluded

a sale of telecommunications equipment to Regency $($U$.$K$.).$ A total

payment of $2,000,000$ is due in $90$ days. The following table shows

relevant exchange rates and interest rates. To hedge, the company is

considering using $2,000,000$ put options with a strike of $$\frac{1\mathrm{.}55}{}.$

The minimum net receipt $($accounting for the cost$)$ from such options

hedge is $ in $90$ days. $($Keep two decimal

places$/)$

Put options on the British pound: Strike rates,

US$$/$pound $(\frac{\text{\$}}{})$

Maria Gonzalez's expected spot rate in $90$ days, US$

per pound $(\frac{\text{\$}}{})$