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If the spot rate at the time of maturity is a70 what is the

An Australian company has purchased currency put options to hedge a 100,000 Canadian dollar (C$) receivable. The premium is A$.01 and the exercise price of the option is A$.75. If the spot rate at the time of maturity is A$.70, what is the net amount received by the corporation if it acts rationally?

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Basic Statistics: If the spot rate at the time of maturity is a70 what is the

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