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3. Put option When do we buy put option? (0.5 pts) Borders b. How do we use it? (0.5 pts) Assumption: the exchange rate in

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3. Put option When do we buy put option? (0.5 pts) Borders b. How do we use it? (0.5 pts) Assumption: the exchange rate in the future is higher than the strike price ii. Assumption: the exchange rate in the future is lower than the striko price

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