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A speculator who tries to make a short-term gain on Forex trade bought a put option for $ 1,500 to transact EUR 1M @ 1.25,
A speculator who tries to make a short-term gain on Forex trade bought a "put option" for $ 1,500 to transact EUR 1M @ 1.25, right after 30 days. However, on the date of maturity of the contract, in the open market, each EUR is worth $1.21.calculate the net gain/loss, if any , the speculator is going to earn/sustain on this arrangement
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