6. Suppose you took a long position on a put option with an exercise price of $1.45/ and paid a premium of $0.10/. On the maturity date, the spot exchange rate turns out to be $1.60/. Will you exercise this option? Is the put option in-, at-, or out-of-the-money at maturity? What if the spot rate at maturity turns out to be $1.40/ ? Will you exercise this option, and is the contract in-, at-, or out-ofthe-money