a firm wants to use an option to hedge 12 million in receivables from New...

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Accounting

a firm wants to use an option to hedge 12 million in receivables from New Zealand firms. the premium is $.04. the exercise price is $.58. off the option is exercised, what is the total amount of dollars received ( after accounting for the premium paid) ?
a) $6480000
b) $6750000
c) $6500000
d) $6250000

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