What is the net amount received by the spectrum

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Spectrum (a USA based company) has purchased currency put options to hedge a $100,000 Canadian dollar ($CAD) receivable. The exercise price of the option is $0.75 and The premium is $0.01. The spot rate at the time of maturity is $0.85. What is the net amount received by the Spectrum if it acts rationally?

Reference no: EM132601864

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