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1 . Mike Jackson purchased a put option on British pounds for $ 0 . 0 4 per unit. The strike price was $ 1

1.Mike Jackson purchased a put option on British pounds for $0.04 per unit. The strike price was $1.80, and the spot rate at the time the option was exercised was $1.59.
(1) What was Mikes net profit or loss on the put option per unit?
(2) What was the break-even point on the put option per unit?
(3) What was the sellers net profit or loss on the put option per unit?
(4) Draw the contingency graph for the buyer and the seller, showing the strike price, break-even point, and put option premium.

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