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The exercise price is 050 if the option is exercised what

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A firm wants to use an option to hedge 12,000,000 in receivables from New Zealand firms. The premium is $0.05. The exercise price is $0.50. If the option is exercised, what is the total amount of dollars received (after accounting for the premium paid)?

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Finance Basics: The exercise price is 050 if the option is exercised what

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