You are an American ($) importer buying from Australia. The transaction size is 220,715 AUD due in 2 months. This option has an exercise price of 0.89 and comes in contract sizes of 100,000 Au. How much would you eventually pay for the goods if you hedged with options given the following data. Al numbers are $/Au. Note if you pay 100Au, the answer is 100, not -100.

	Now			2 months from now
				bid	ask
Spot				0.69	0.705
	Call	Put		Call	Put
Options	0.035	0.063		0	0.25