Assume that a speculator purchases a put option on British pounds (with a strike price of $1.40) for $.06 per unit. A pound option represents 31,250 units. Assume that at the time of the purchase, the spot rate of the pound is $1.50 and continually falls to $1.42 by the expiration date. The highest net profit possible for the speculator based on the information above is: -$1,875 $625.00 $2,440 -$1,700