Question: Swift will receive EURO 1 , 0 0 0 , 0 0 0 in 3 0 days. Use the following information to determine the total

Swift will receive EURO 1,000,000 in 30 days. Use the following information to determine the total dollar amount received (after accounting for the option premium) if the firm purchases and exercises a put option:Exercise price =$.61Premium =$.02Spot rate =$.60Expected spot rate in 30 days =$.5630 day forward rate =$.62
A)$630,000.
B)$610,000.
C)$600,000.
D)$590,000.
E)$580,000.

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