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XYZ Company will receive 700,000 New Zealand dollars in 180 days. A 180-day put option that has an exercise price of $0.65 with a premium

XYZ Company will receive 700,000 New Zealand dollars in 180 days. A 180-day put option that has an exercise price of $0.65 with a premium of $0.02 is available. Assuming the spot rate in 180 days is $0.72, then a) Will the option be exercised? b) What will be the net amount received by XYZ Company?

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