Your small US multinational business forecasts a 30,000 Euro revenue in 6 months. You hedge 100% of the revenue using put options with the strike price set at the EUR forward rate of 1.20. (The premium cost of the call options is assumed to be zero for this question). If the actual EUR foreign exchange rate in 6 months is 1.35, then what would be the US dollar gain or loss on your hedged exposure (step 3)?

		$6,000 gain
		$4,500 gain
		$0 gain or loss
		($4,500) loss