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A U.S. company holds put options in euros with a strike price of $1.25/. The spot price of euros declines to $1.23/. The company will:

A U.S. company holds put options in euros with a strike price of $1.25/. The spot price of euros declines to $1.23/.

The company will:

A. Lose on the put options B. Gain on the put options C. Continue to hold the options after they expire D. Not exercise the options

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