Reference no: EM133052670

Question - The company Paraninfo SRL, is in charge of importing tomatoes from abroad, and on September 21, 2019, it made a purchase of 13 tons of extra virgin tomato worth $ 485,000.00. At that time, the dollar rate was at DOP 59.45 per dollar.

At that time, the company acquires a dollar call option for the cash flows generated by this transaction valued at $ 1,700; setting the exchange rate price at 57.30

The company paid a credit to the account on October 28, 2019 in the amount of 235,000.00 dollars, the rate being DOP 59.87 at that time;

As of the closing date of December 31, 2019, the exchange rate is 59.08.

The rest of the debt was paid on March 3, 2020 and the exchange rate was at DOP 56.85

What was the result of the Exchange Rate Operations of this Operation? In the event that the result is loss, place the amount in negative.