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3. Samuel Samosir works for Peregrine Investments in Jakarta, Indonesia. He focuses his time and attention on the U.S. dollar/Singapore dollar ($/S $ ) cross-rate.

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3. Samuel Samosir works for Peregrine Investments in Jakarta, Indonesia. He focuses his time and attention on the U.S. dollar/Singapore dollar (\$/S $ ) cross-rate. The current spot rate is $1.39/S$. After considerable study, he has concluded that the Singapore dollar will appreciate versus the U.S. dollar in the coming 90 days, probably to about \$1.44/S\$. He is considering trading options to profit and has the following options on the Singapore dollar to choose from: Samuel decides to sell put options on Singapore dollars.What is Samuel's (net) profit/loss (in dollar) if the spot rate is $1.45/S \$ at maturity? Keep the sign and all decimal numbers. Please just type in the number without the currency signs. For example, if your answer is $1.25/S$, then type in 1.25 as your final

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