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Agnes is a speculator in investing in options. Agnes had purchased a put option on Australian dollar with a strike price of $0.80. the

 

Agnes is a speculator in investing in options. Agnes had purchased a put option on Australian dollar with a strike price of $0.80. the premium is $0.02. on the expiration date, the Australian dollar spot rate is $0.74. Should Agnes exercise the option on this date or just let the option expire? ii. Calculate Agnes's net profit per unit iii. Calculate the net profit per unit to the seller of this put option

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