On December 1, 2021, Keenan Company, a U.S. firm, sold merchandise to Velez Company of Canada for 150,000 Canadian dollars (CAD) . Collection of the receivable is due on February 1, 2022. Keenan purchased a foreign currency put option with a strike price of $0.97 (U.S.) on December 1, 2021. This foreign currency option is designated as a cash flow hedge. Relevant exchange rates follow: 
Compute the U.S. dollars received on February 1, 2022.
Definitions:
Interest In School
The level of curiosity, motivation, and engagement a person has towards academic learning and school-based activities.
12th Graders
Students typically in the final year of secondary education in the United States, usually aged 17 or 18.
Meritocracy
A system in which advancement within the system is based on individual ability or achievement.
Stratification System
The hierarchical arrangement of individuals or groups in society, based on wealth, power, race, education, etc., that affects their access to resources and opportunities.
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