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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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