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Wesfarmers has developed the following probability distribution for the spot rate of the Indian rupee (INR) against the Australian dollar (A$) in six months to

Wesfarmers has developed the following probability distribution for the spot rate of the Indian rupee (INR) against the Australian dollar (A$) in six months to buy call options on INR1.94 million with an exercise price of A$0.3478 and a premium of A$0.0320. A$0.2607 [34 per cent probability] A$0.4782 [39 per cent probability] A$0.5447 [(100-34-39) per cent probability] What is the expected value of the cash to be paid in A$ for the call option hedge? (enter the whole number without sign and symbol)

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