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A put option is available for Australian dollar with an exercise price of USD0.7210 and a premium of USD0.0200. Assume that there are no brokerage
A put option is available for Australian dollar with an exercise price of USD0.7210 and a premium of USD0.0200. Assume that there are no brokerage fees. The future spot rate at which of the option breaks even is USD a. both the buyer and the seller; USD0.7410 b. both the buyer and the seller; USD0.7010 c. the seller; USD0.7010 d. the buyer; USD0.7010 e. the seller; USD0.7410 f. the buyer; USD0.7410 g. The correct answer is not present in the other listed choices
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