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What is the net amount joyce corp paid for its purchase

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Question - Joyce Corp. will need C$250,000 to pay its import from Canada in 60 days. Currently, a 60-day call option with an exercise price of $.72 and a premium of $.01 is available. Also, a 60-day put option with an exercise price of $.705 and a premium of $.01 is available. If the future spot rate in 60 days is $.71 per Canadian dollar, what is the net amount Joyce Corp. paid for its C$ purchase?

$177,500

$182,500

$176,250

$180,000

Reference no: EM132776303

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