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You hold a AUD62,500 call futures option which you bought to hedge a AUD payable due in 90 days. The option has a strike price

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You hold a AUD62,500 call futures option which you bought to hedge a AUD payable due in 90 days. The option has a strike price of USD0.5/AUD and a premium of USD0.0609/AUD. Your observe the following quotes in the market: AUD spot rate: USD0.78/AUD AUD futures rate: USD0.79/AUD If you choose to exercise the futures option today, what is the net cash gain or loss you will receive? a. USD13693.75 O b. USD18125.00 O c. USD14318.75 0 d. USD-3181.25 O e. USD17500.00

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