A U.S. exporting company is due to receive payment of 400,000 SGD in 2 months' time. Calculate the total net USD value (include the premium in the calculations) the company will receive should it purchase and then later exercise an option to hedge this exposure:
Spot: 0.70 SGD/USD
Expected Spot ( 2 months): 0.68 SGD/USD
Forward rate (2 months): 0.69 SGD/USD
Put strike price: 0.71 SGD/USD
Put Premium 4c USD
284,000 USD
272,000 USD
268,000 USD
None of the other options are correct
276,000 USD