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A put option on Japanese yen is written with a strike price of 95.00/$. Which spot exchange rate will maximize your profit if you choose
A put option on Japanese yen is written with a strike price of 95.00/$. Which spot exchange rate will maximize your profit if you choose to exercise the option?
a. 85.00/$
b. 90.00/$
c. 100.00/$
d. 115.00/$
And why?
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