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Anne Duerre purchased a put option on British pound (GBP) for $0.06 per unit. The strike price was $1.2131 and the spot rate at the

  1. Anne Duerre purchased a put option on British pound (GBP) for $0.06 per unit. The strike price was $1.2131 and the spot rate at the time the pound option was exercised was $1.2103. Assume there are 43 750 unit in a British pound option. Calculate Annes net profit (loss) on the option.

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