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Assume the premium for an August put option on British pound with strike price of $2.00/ is $0.25/. Current price for British pound is $2.00/.

Assume the premium for an August put option on British pound with strike price of $2.00/ is $0.25/. Current price for British pound is $2.00/. Calculate the maximum gain of put option buyer. O $0.25 $1.00 $1.75 O $2.00

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