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Assume an American put option on British pound is written with a strike price of 1.30 GBPUSD at a premium of 5 cents per GBP

Assume an American put option on British pound is written with a strike price of 1.30 GBPUSD at a premium of 5 cents per GBP and with an expiration date twelve months from now. The option is for GDP 10,000. What would be the maximum spot rate at which it makes sense to exercise the option before maturity?

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