Assume that a speculator purchases a put option on British pounds (with a strike price of $1.50) for $.03 per unit. A pound option represents 30,000 units. Assume that at the time of the purchase, the spot rate of the pound is $1.51 and continually declines to $1.46 by the expiration date. The highest net profit possible for the speculator based on the information above is:

	a.	-$1,562.50
	b.	$1,562.50
	c.	-$300.00
	d.	$300.00