Question 4 0/6 point- JCrew Inc. (a U.S. based firm) negotiates a conditional currency put options with a bank to hedge its accounts receivable of 2 million euros due on October 31. JCrew Inc. will only exercise its option on the due date. The terms of the conditional currency put options are as follows: Klexercise price) = $1.12 per euro, Trigger = $1.14 per euro, premium = $0.03 per euro, expiration date - October 31. If the spot rate on the due date, i.e, October 31, is $1.13 per euro, what is the amount of U.S. dollar JCrew expects to receive for its 2 million euros? $2.26 million $2.24 million $2.20 million $2.18 million