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Wesfarmers has developed the following probability distribution for the spot rate of the Indian rupee...

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Finance

Wesfarmers has developed the following probability distribution for the spot rate of the Indian rupee (INR) against the Australian dollar (A$) in six months to buy call options on INR1.10 million with an exercise price of A$0.3007 and a premium of A$0.0324.

A$0.2772 [36 per cent probability]

A$0.4486 [38 per cent probability]

A$0.5484 [(100-36-38) per cent probability]

What is the expected value of the cash to be paid in A$ for the call option hedge? (enter the whole number without sign and symbol)

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