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3. You buy a put option on the for $.02/. The option contract size is 1,000,000. The exercise price is $1.2150/. When the option matures,

3. You buy a put option on the for $.02/. The option contract size is 1,000,000. The exercise price is $1.2150/. When the option matures, the spot rate is $1.1980/. What is your overall (be sure to account for the option premium paid) total profit/loss on the ption? I
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3. You buy a put option on the f for $.02/E. The option contract size is f1,000,000. The exercise price is $1.2150/E. When the option matures, the spot rate is $1.1980/E. What is your overall (be sure to account for the option premium paid) total profit/loss on the option

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