USS per Sw. Franc (CME) SPOT - $0.976 / Sfr Strike Price CALLS Cents per Sfr PUTS Cents per Sfr AUG SEPT DEC AUG SEPT DEC 940 5.28 5.54 6.50 0.56 1.03 2.33 950 4.39 4.72 5.78 0.67 1.21 2.61 960 3.55 3.98 5.13 1.03 1.46 2.95 970 2.80 3.29 4.30 1.08 1.77 3.34 975 2.15 2.68 4.00 1.43 2.16 3.60 980 2.50 3.82 1.55 2.27 3.86 985 1.87 3.70 1.75 2.39 4.01 990 1.61 2.16 3.45 2.10 2.89 4.26 REFER TO OPTIONS TABLE ABOVE FOR THE QUESTION BELOW WHEN NECESSARY 2.00 2.41 1. 17pts It is now June. Your U.S. firm will receive and then sell 500,000 Sw. Francs in early-Dec from a Swiss customer. The current spot price is $0.976 / Sw. Franc At Spot, the value of 500,000 Sw. Franc is $488,000. Your boss is worried that the Franc may weaken and the value for the Sw. Francs in early Dec. could be much lower. Your boss requires you to arrange an appropriate options hedge so that the minimum 'all in net cost (includes option premium) is not less than $469.000_Use the appropriate data above, list TWO options that meet the bosses $469,000 minimum all-in net purchase value (option hedge premium included) in December. ENTER ANSWERS IN IN TABLE BELOW. SHOW NECESSARY CALCULATIONS IN BLANK WORKSPACE Circle Option Strike Option Premium Tot cost to buy Total all-in value of 500,000 Type month Price Per Str Options to Sw. Franc including option cost CALL of PUT CALL or PUT $/Pound Futures Prices June 2020 contract A24 $1.2750 $1.2650 $1.2550 JUNE POUND Futures Futures Spot Pricel divided DATE Price by date by Spot $12355 S 1.2365 0.9992 Apr. 27 $1.2425 S 1 2429 0.9997 Apr. 28 $1.2436 $ 1.2426 1.0008 $1.2454 $ 1.2468 0.9989 Apr. 10 $1.26025 1.2594 1 0005 May 1 $1.2488 S 1 2493 0.9996 May 4 $1.24421 $ 1.2443 0.9999 $1.2455 $ 1.2435 1.0016 May 6 51.2347 $ 1.2341 1.0005 May $1.2359 $ 1.2362 0.9998 May 11 $1.7332 $ 1.2334 0.9998 May 12 $1 2282 $ 1.2260 1 0018 May 13 $12221 1.2235 0.9989 May 14 $1.21965 1.2231 0.9971 Mwy 15 $1.2118 5 1 2106 1.0010 May 16 $1.2193 $ 1.2195 0.9998 May 11 51 2205 1.2251 1.0029 May 20 $1 2231 1.2237 0.999 May 21 $12235 S 1.2220 1.001) May 22 $121705 12159 1.0009 May 20 $12345 12335 May 22 5122565 12258 0 0 May 13 5121445 12122 1 0018 May 29 5123265 12349 51254251 2550 $125 12576 10010 $1.251415 1 1994 1.0016 51 2450 $1220 w > My MacBook Air