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A speculator buys an Australian dollar put option (with a strike price of $0.85) at $0.035 per unit. An Australian dollar option represents 10,000 units.

A speculator buys an Australian dollar put option (with a strike price of $0.85) at $0.035 per unit. An Australian dollar option represents 10,000 units. At the time of purchase, the Australian dollar spot rate is $0.86 and rises continuously to $0.90 on the expiration date . What is the highest possible net profit for the speculator based on the above information?

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