Multiple Choice
You purchase a put option on Swiss francs for a premium of $.02, with an exercise price of $.61. The option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is $.58, your net profit per unit is:
A) -$.03.
B) -$.02.
C) -$.01.
D) $.02.
E) None of these are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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