Question: The table below shows the call and put premiums at various strike prices for the Australian dollar on February 2, 2015 for maturity in March
The table below shows the call and put premiums at various strike prices for the Australian dollar on February 2, 2015 for maturity in March 2015 (The underlying asset is the Mar15 Australian futures contract, so it has the same maturity date as the Mar15 Australian dollar futures). The option contract size is AUD$100,000 per contract. The prices in the table are in dollars per AUD$ (for example, 0.0298 means $0.0298/AUD$). The strike price of 7550 should read as $0.7550/AUD$.

If your client will pay you AUD$1,000,000 in March 2015 (on the same date as the maturity date of the options), and you decide to use an option with a strike price of 8000 to hedge your position. What is the minimum potential proceeds per AUD$ when collect the AUD$ payment at maturity?
Your answer: $________________/AUD$
(Keep four decimals; Do not include currency symbols in your answer)
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