Brian Tull sold a put option on Australian dollars (A$) for $.03 per unit.The strike price was $0.86 (USD/A$), and the spot rate at the time the option was exercised was $0.84 (USD/A$). Assume Brian immediately sold off the Australian dollars received when the option was exercised. Also assume that there are 50,000 units in a Australian dollar option.What was Jeff's net profit on the put option? (all values are in USD)