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An investor sold a put option on British pound for ( $ 0.001 ) per unit. The option has a strike price of ( $
An investor sold a put option on British pound for \\( \\$ 0.001 \\) per unit. The option has a strike price of \\( \\$ 1.22 \\) and covers 100,000 pounds. Assume that the option can only be exercised on its expiration date. Part 1 Attempt \\( 1 / 6 \\) for 10 pts. What will be the net profit (or loss) to the investor if the exchange rate is \\( \\$ 1.23 \\) per pound on the expiration date (in USD)
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