Your company will receive 25 million in 1 year from a German customer. You observe the following data. Use this information for the next four The CEO wants certainty about the dollars the company will receive, Choose the hedge that guarantees you will receive that U.S. dollar amount. There are two options but pick one with the highest value Money Market Hedge Buy a call option on British pounds Buy a put option on British pounds Forward Hedge Determine the value that the company will receive, in terms of millions of dollars The next day, your CEO changes her mind. She says she thinks the euro will strengthen. She is a bit uncertain, however, so instructs you to create a strategy where she can benefit from the euro appreciation but provide protection if she is wrong. Choose strategy that will meet her demands. Buy a put option on British pounds Buy a call option on British pounds Forward Hedge Money Market Hedge Assume the Euro strengthens to $1.30:1.00. What were the net proceeds from the receivable, adjusting for any hedging costs from the prior question. Answer in terms of millions of dollars