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USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

Question 4

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USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)     -Refer to Exhibit 16.1. If the spot rate at expiration is $0.85 and the put option was purchased, what is the dollar gain or loss? A)  $340 loss B)  $125 gain C)  $750 gain D)  $750 loss E)  $200 loss
-Refer to Exhibit 16.1. If the spot rate at expiration is $0.85 and the put option was purchased, what is the dollar gain or loss?


A) $340 loss
B) $125 gain
C) $750 gain
D) $750 loss
E) $200 loss

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