You are to receive 125,000 in 3 months and todays spot price is $1.17, but the 3 month forward rate is $1.19. If a (put or call?) option (125,000) cost $1,500 what is the least you will receive for selling your euros (net of the option cost) for dollars? (You buy the put for $1,500 and exercise it by selling the euros at $1.19 if the market price of the euro is less than $1.19.) Give answer is total dollars and in dollars per euro.