XYZ Corporation, located in the United States, has an accounts payable obligation of 625 million payable in one year to a bank in Tokyo. The current spot rate is 125/$1.00 and the one year forward rate is 109/$1.00. The annual interest rate is 3 percent in Japan and 6 percent in the United States. XYZ can also buy a one-year call option on yen at the strike price of $0.0086 per yen for a premium of 2%. The future dollar cost of meeting this obligation using the call option is $5,839,945 $5.481,000. $4,653,833. $6,480,734. XYZ Corporation, located in the United States, has an accounts payable obligation of 625 million payable in one year to a bank in Tokyo. The current spot rate is 125/$1.00 and the one year forward rate is 109/$1.00. The annual interest rate is 3 percent in Japan and 6 percent in the United States. XYZ can also buy a one-year call option on yen at the strike price of $0.0086 per yen for a premium of 2%. The future dollar cost of meeting this obligation using the call option is $5,839,945 $5.481,000. $4,653,833. $6,480,734