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4. (Ch.5) Selling Currency Put Options. Bryan sold a put option on New Zealand dollar (NZD) for the premium at USD .06 per unit. The

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4. (Ch.5) Selling Currency Put Options. Bryan sold a put option on New Zealand dollar (NZD) for the premium at USD .06 per unit. The strike price was USD 76 (the exchange rate we use is NZDUSD), and the spot rate at the time the option was exercised was USD 72. Assume Bryan immediately sold off the NZD received when the option was exercised. Also, assume that there are 50,000 units in an NZD option. What was Bryan's net profit on the put option? (4 points)

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