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4. Answer Alex is a currency options writer/seller. In anticipation of an appreciation of the GBP from its current spot price of $1.30, she has

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4. Answer Alex is a currency options writer/seller. In anticipation of an appreciation of the GBP from its current spot price of $1.30, she has written/sold a put option with an exercise price of $1.32 and a premium of $0.02. If the spot price at the option expiration date is $1.34, what is Alex's profit or loss per unit? A)-$0.04 B) S0.00 C)-$0.02 D) $0.02 E) $0.04 F) None of the above

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