Based on the information in Problem 6.1, draw the payoff profile for a long krone put option at expiration. Note that these exchange rates are reciprocals of those in Problem 6.1.

£/DKK spot exchange rate at expiration 0.12500 0.11905 0.11876 0.11848 0.11820 0.11792 Put value Label your axes and plot each point. Draw a profit/loss graph for this long krone put at expiration. Refer to the long put in Exhibit 6.4 for reference.