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5. A U.S. firm expects receivables of 500,000 in three months. The U.S. firm purchases...

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5. A U.S. firm expects receivables of 500,000 in three months. The U.S. firm purchases a put option on the euros. The strike price is $1.20/ and the premium is $.025/. What is the total dollar amount received from the euro receivable if the spot rate in three months is (Multiply any $/ amount by (500,000) - $1.12/ - $1.18/ - $1.26/C - $1.33/6

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